Aggregators
Pet insurance aggregator to launch in May
A new pet aggregator site has been launched by Markerstudy, after it identified “a gap in the market”.
Admiral and Mapfre explore China comparison site
Spanish insurer Mapfre and UK insurance group Admiral are exploring the launch of a joint venture comparison website in China under a project called Preminen.
FCA to carry out thematic review into thematic reviews - updated
The Financial Conduct Authority has begun a thematic review into its previous thematic reviews at the behest of new CEO Andrew Bailey, Post can reveal.
BGL's Minster Law reports £35m loss as IPO talks ongoing
BGL Group's legal services business recorded a £35m loss in the financial year ended 30 June 2015 as group profit before tax fell to £70.4m (2014: £82.7m).
Admiral reports motor profit rise as Confused takes hit
Admiral has reported an 8% increase in 2015 group turnover to £2.12bn (2014: £1.97bn) and a UK motor combined ratio of 81% (2014: 83%).
Editor's Comment: I want that one!
I imagine Google is a bit like a child after opening all its presents on Christmas day.
Confused awards £40m advertising contract
Aggregator Confused has awarded a £40m advertising contract to agency Karmarama.
Profit cannibalisation and regulation concerns pushed Google's aggregator exit
Cannibalisation of profits and regulatory concerns were among key reasons behind Google's decision to exit the competitive aggregator space, but this may not be its last venture into this sector according to market analysts.
Money Supermarket reports 2% insurance revenue increase for 2015
Money Supermarket's insurance division reported a 2% increase in revenue for the year ended 31 December 2015 to £140.2m (2014: £138m).
Google to shut aggregator site in UK and US
Google's price comparison website Google Compare is to close on 23 March, according to reports.
Advertising costs and competition major deterrents to insurers entering aggregator space
Sky-rocketing advertising costs and an already competitive market have been cited as potential deterrents for any insurers considering entering the aggregator space after an Accenture report estimated 83% of UK firms were contemplating such a move.
Director of Content’s Comment: Is the timing for listing right?
The news that BGL is looking at a prospective initial public offering has raised a number of questions.
80% of UK insurers mulling aggregator launch
More than 80% of UK insurers are considering setting up their own aggregator site, according to Accenture.
Compare the Market appoints Late Rooms CEO to COO role
BGL Group’s UK price comparison site Compare the Market has appointed Jesper With-Fogstrup to the newly created role of chief operating officer.
Blog: What happened to the Friends Reuniteds of the insurance .com boom?
We are currently living in an age where digital start-ups are very much in vogue.
Money Supermarket reports 10% drop in Q4 insurance revenue
Aggregator Money Supermarket has reported a 10% fall in insurance revenues for the three months ended 31 December 2015.
BGL to dispose of Dutch aggregator Hoyhoy
BGL group has announced plans to dispose of its Dutch comparison site Hoyhoy, Post can reveal.
FCA transparency proposal deemed a 'partial solution'
Industry commentators have challenged the Financial Conduct Authority for putting forward a "partial solution" in its proposal that would require general insurers to publish the prior year's premium on renewal notices, announced today (3 December).
Mass-market telematics app-based solution gains Zurich backing
The UK’s first mass-market and full underwriting-based motor insurance is to be launched by telematics company Carrot on aggregator websites this week.
Applied Net 2015: Comparing Google
Ellen Carney of Forrester Research has predicted that there will be a 25% reduction in the number of insurance agencies in the US by 2020.
Consumer Intelligence index notes 5.5% premium fall for young drivers
Average motor premiums for drivers under the age of 25 dropped 5.5% in the year ending August 2015, according to insurance market researcher Consumer Intelligence.
Penny Black's Insurance Week - 24 September 2015
Penny is a huge fan of the oval ball and was first in the queue to wear the rose and make our boys giants in the Rugby World Cup, being held in England and Wales this year.
Go Compare blocks 'thousands' of fraud attempts with point-of-quote detection tool
Go Compare has rolled out a point-of-quote fraud detection and prevention service in collaboration with fraud solutions company Iovation, which it says is the first such tool developed by an aggregator.
Higher reserve releases drive 6% increase in Admiral motor profits
Admiral CEO Henry Engelhardt has branded the opening six months of 2015 “a good start to a challenging year” after the insurer delivered a 1% increase in group pre-tax profit to £186.1m (H1 2014: £184.9m).