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Finance and insurance sector struggles with declining interest in credit and insurance
COVID-19 has hit every industry in varying degrees of severity, for the finance industries, historical turbulence has sheltered them from any immediate harm. However, as the world starts barrelling towards a recession consumer interest in the industry is high.
A new report from Reply, looks into how consumers have reacted to COVID-19 through analysis of online behaviour, some key findings showing how this has changed compared to 2019 are:
- 38% of UK respondents reported a decrease in income
- Consumer interest in financial services has increased by 18%
- There was an 83% increase of interest in mid-term investments
- Interest in insurance decreased by 36% compared to last year after an initial spike at the start of the outbreak
Read the full report here:
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AI in Finance 2025: Showcasing How to Implement Next-Generation AI for Impact
AI in Finance 2025, will take place at the iconic Kimpton Fitzroy London on Wednesday 26th November, and will provide a roadmap for 150+ senior technology leaders from financial services to move beyond the well-established use cases and implement next-generation AI at scale.
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