Aggregators
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).
Money Supermarket clocks 8% rise in insurance revenues
Revenues in Money Supermarket's insurance division grew 8% to £73.6m in the six months to 30 June 2015, while the group's post-tax profit jumped 44% to £30.2m.
Bought By Many targets Chinese travel market
Bought By Many has signed an agreement with Chinese insurer Ping An to launch seven travel insurance policies in China for the online broker's first venture outside the UK.
Industry defends data collection practices in light of CMA report
Insurers have defended their data collection processes following the publication of a critical Competition and Markets Authority report and calls from a consumer champion for greater transparency around how telematics data is used.
Could Google and Admiral's 'marriage of convenience' shake up US insurance?
Earlier this year I wrote a blog about Admiral’s high profile tie up with Google in the US.
On the soapbox: From Croydon to Berlin
There is constant talk of digital innovation in personal lines, but when it comes to concrete facts, all we have is speculation. So I decided to take a different slant on where disruption might come from and look at the geographic location of previous…
Money Supermarket insurance division reports 12% growth
The Money Supermarket insurance division reported 12% year-on-year growth for the three months ended 31 March 2015 with revenues of £36.8m for the period.
Compare Asia Group raises $40m for investment
Financial comparison site Compare Asia Group is set to expand after it raised $40m (£26.6m).
CMA remedies a ‘mixed bag' for Biba
The British Insurance Brokers' Association has welcomed the Competition and Markets Authority's move to extend the protected no claims bonus remedy deadline while deeming the recommendations in the regulator's private motor investigation final order a …
Ban on aggregator motor deals extended to smaller players
The Competition and Markets Authority has extended its upcoming ban on motor insurance aggregator deals to smaller aggregators.