Aggregators
Homeowners see premiums fall 22% in four years
Home insurance premiums in the UK are at their lowest level in four years, according to a study by Money Supermarket that calculated the average premium at £124.
Beyond price: What engaged customers won’t do for money
Helen Murray, Chief Customer Solutions Officer at Webhelp UK, argues customer engagement is key to turning insurance from a commodity into a valued service
Uswitch eyeballing London float
Price comparison site Uswitch is reportedly considering plans for a stock market float, after an August management buy out.
Constructaquote.com rebrands to attract SME users
Comparison website constructaquote.com has rebranded its website to appeal to the SME market as a business insurance provider.
Money Supermarket insurance prospects boosted by Google deal
Money Supermarket has said that it expects insurance comparison revenue to improve after resolving a dispute with Google on search listings.
Comprehensive motor policies fall below £600 for first time since 2009
The average cost of comprehensive car insurance was down 19.1% year-on-year in the first quarter of 2014, the latest car insurance price index from Confused and Towers Watson revealed.
Insurers sought to back new aggregator targeting UK’s Eastern Europeans
Broker targeting same demographic could follow launch of Global Market Compare
Expert Analysis: Spring summary
In his spring analysis, IGO4’s Tom Cooper examines the potential outcomes of the investigation into MFN clauses and highlights the difficult relationship between aggregators and brands.
Ex-Which? Money editor launches Fairer Finance campaign group
The former money editor of Which? has unveiled a new consumer campaign group targeting banks and insurers.
Editor's comment: Add-on agony advances
The insurance industry is no stranger to damning verdicts and this week’s, in the form of a report into the level of competition in the add‑ons market, must come as no surprise.
Household: On steady ground?
How is the household insurance market coping with the cost of claims from extreme weather events and the aggregator‑induced focus on pricing?
Zurich brand to disappear from comparison sites
Zurich-branded home and motor insurance products will no longer be offered on aggregator sites, the insurer announced today.
Insurers and brokers urge Competition Commission to ban all MFN clauses
Fears a ban could harm price comparison websites misplaced.
Editor's comment: A humane culling
Personal lines insurers and brokers have had enough. They have taken it lying down for too long and now they are making a stand and fighting back.
Money Supermarket profits surge despite “slowing” insurance business
Money Supermarket has revealed an increased dividend and profits up 40% for 2013, climbing from £24.8m to £34.7m, in spite of acknowledging that its insurance business slowed in the second half.
Europe: Pet insurance opportunities
With around $1bn premium volume, the pet insurance market in the UK is by far the world's biggest - but increasing competition and rising vet fees over the past few years have seen what was once fertile ground become a highly contested area, with a large…
Advertising: Getting the word out
How are insurance firms’ advertising tactics changing in response to the rise of social media and the emergence of aggregators?
Brokers urged to take advantage amid FCA aggregator inquiry
Brokers should view the Financial Conduct Authority’s ongoing thematic review of price comparison sites as an opportunity to demonstrate their worth in terms of providing consumers with “the best deal”.
BIA Countdown: Achievement winner reflects: Q&A with Dennis Mahoney
Since their inception, the British Insurance Awards have become the unrivalled badge of excellence for the insurance sector, raising standards across the industry through their showcasing of best of breed performance and innovation.
C-Suite – MGA: The devolution of personal lines
Is big data really the answer to stopping the rot that has taken hold in personal lines insurance?
BIA Countdown: Achievement winner reflects: Q&A with Peter Wood
Since their inception, the BIA have become the unrivalled badge of excellence for the insurance sector, raising standards across the industry through their showcasing of best‑of‑breed performance and innovation.
Carnegie-Brown named Money Supermarket chairman
Aon UK chairman Bruce Carnegie-Brown is to be appointed chairman of price comparison site Money Supermarket.
US car comparison site sale will not impact Admiral FY results
Admiral has stated that a further sale of a minority equity stake in its US car insurance comparison website Compare Now will have "no material impact" on its full year results for 2013.
My Licence: Seal of approval
While the My Licence driver data-sharing initiative may have some obstacles to overcome, the industry consensus is that it should benefit all parties involved in motor insurance.