Aggregators
Go Compare sees turnover rise 4.6%
Aggregator Go Compare has reported a 4.6% increase in turnover for the year ended 31 December 2013 to £109.9m (2012: £105.1m).
Interview: Mike Ramsay, senior director, Alliance
Andrew Tjaardstra speaks to Mike Ramsay, director and co-founder of Alliance, who is bullish about his broker’s prospects.
Compare the Market fined for misleading advert in Australia
Online aggregator Compare the Market has been forced to withdraw an Australian health insurance advert after it was found to be misleading.
Post Intelligence Docu-Video: How can the industry tackle application fraud?
While claims fraud continues to grab the most headlines, insurers and brokers are now focusing as much attention on fraud at the point of quote.
Money Supermarket sees 4% revenue growth for insurance site
Money Supermarket has reported a 4% increase in revenue for its insurance division in H1 2014 to £68.1m (2013: £65.5m).
Tesco Compare to close next month
Tesco is to shut down its price comparison website Tesco Compare from 31 August.
The commodity trap
Traditional insurers can be left feeling they can compete only on price - especially as competitors from the retail space continue to make headway into the market
DLG seeks action on PCWs' ranking of monthly premiums
Direct Line Group is calling for greater clarity around the way price comparison websites rank premiums when a consumer has opted to pay monthly.
Biba calls for level playing field for aggregators
The British Insurance Brokers' Association is urging the Financial Conduct Authority to act on the findings of its thematic review of price comparison websites by ensuring aggregators meet customer expectations.
Aggregators cautious on FCA review
Price comparison websites have been muted in their response to the Financial Conduct Authority’s thematic review of the sector, which saw the watchdog warning that aggregators were falling short.
Aggregators failing to meet FCA expectations
The Financial Conduct Authority has this morning handed out a damning verdict on the price comparison website sector, finding such sites do not always ensure consumers were given information to make informed decisions.
Money Supermarket predicts £122m H1 revenue
Aggegator Money Supermarket is predicting half year revenues to jump 9% ahead of the same period last year to £122m.
Aggregators call for tougher measures on automatic renewals
Aggregators have welcomed the Association of British Insurers' proposals to improve clarity around policy renewals, announced today, but say the measures should be taken further to address insurers automatically renewing policies.
ABI seeking better clarity for customers on renewals
The Association of British Insurers is asking the Financial Conduct Authority to regulate on a minimum standard of information for companies to give customers when renewing their motor or home insurance policy.
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.