UK Insurance Aggregators Market Report 2016 – Research and Markets

DUBLIN--(BUSINESS WIRE)-- Research and Markets has announced the addition of the "UK Insurance Aggregators 2016" report to their offering.

"UK Insurance Aggregators 2016" explores consumer purchasing behavior through price comparison sites and how it is changing. It discovers what is most influential to customers when selecting a policy through the channel and reveals the brand strategies of the four leading sites. New regulation is highlighted, as well as key factors that will influence the aggregator market over the next few years.

New legislation is set to promote switching in a market where fewer customers have been looking to change insurance providers. This promotion of competition and consumer transparency will reinvigorate the aggregator channel and make it more relevant for customers.

The use of wide most favored nation clauses has been banned. This will make the aggregator market more competitive as insurers are no longer prohibited from selling a policy for a lower price on another price comparison site or channel. Currently, customers show strong loyalty to a particular aggregator, so as aggregators start to differentiate, customers will look to more than one at the point of renewal. Legislation is also looking at improving the purchasing process in order to improve transparency for customers.

There will be a greater emphasis on the value of products over the next few years as well as further disclosure for customers at the point of renewal. Well established in the UK, the Big Four price comparison sites are now looking to expand beyond the dominant lines of motor and home insurance, while brand owners are using their expertise to enter international markets.

Changing consumer habits incentivize brands to invest in technology (most notably the mobile channel) in order to upgrade their service. The challenge, however, is to keep the service simple in a market where insurers have greater responsibility to obtain information and customers show greater demand for information.

Key Topics Covered:

1. Executive Summary

2. The Aggregator Market

3. Brand Strategy Of The Big Four

4. The Market Going Forward

5. Appendix

Companies Mentioned

- Admiral Group

- Amazon

- B.Heard

- BGL Group

- Barclays

- Beagle Street

- Compare.com

- Comparethemarket.com

- Competition and Markets Authority

- Confused.com

- Defaqto

- EE

- esure

- Facebook

- Financial Conduct Authority

- Gocompare.com

- HSBC

- Hoyhoy.nl

- LeLynx

- LesFurets.com

- Lloyds

- Money Saving Expert

- Moneysupermarket.com

- Ofcom

- Office of Fair Trading

- RBS

- Rastreator

- Santander

- Travelsupermarket.com

- Twitter

- UK Cinema Association

- Worry+Peace

- weholiday.co.uk

For more information visit http://www.researchandmarkets.com/research/wt4dkb/uk_insurance.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160503006992/en/

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Source: Research and Markets