TRENDS
|
|
Insurance aggregators are here to stay
Insurance aggregators' impact on the UK and other markets' distribution models has been much larger than their share of insurance revenues would indicate.
-
Levelling the playing field: Aggregators have injected simplicity of service and transparency into the range of offerings and product coverage provided by insurers.Read the report
-
Fanning out across the world: Although they have not attained the same share of market as they have in the UK, aggregators in a number of other countries are enjoying rapid growth.Read the report
-
Changing industry economics: Aggregators are significantly changing distribution economics for carriers, producers and customers.Read the report
-
Growing hold on customers: Where aggregators are achieving success they are concentrating on “share of wallet” and extracting more value from the customer relationship.Read the report
-
Continued expansion: Aggregators will continue their growth path by expanding into new territories, services, and lines of business.Read the report
-
Pressuring the carriers: Aggregators are using their distribution power to obtain better terms of trade from carriers, whether in the form of new pricing models or other concessions.Read the report
-
New competition rises: Aggregators will continue to grow, but they will face more competition—from retailers, technology vendors, and online giants such as Google—as well as from insurance carriers.Read the report
Comment submitted
Submitted comment may not display automatically.