“Intense price pressure has caused the general insurance market to shrink and the aggressive price competition facilitated by price comparison sites shows no signs of letting up. The market is reaching a crucial juncture in how it manages value-seeking customers, as continuing to drop prices could have serious consequences for product quality. Technology and UK-based customer service could be enough to differentiate beyond price.”
Download:
Search within report
Searching...
Overview
Overview
This report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered. Market
Market
Mintel provides a range of market information across categories including: forecasting and share information; internal and broader market environment information; and the issues that affect the market in question.
The Market – What You Need to Know
Market Size
Market Segmentation
Consumer
Consumer
Mintel conducts exclusive and original consumer research for reports, bringing up-to-date and unique insight to topical issues. This research examines the impact of social, economic, cultural and psychological influences on consumers.
The Consumer – What You Need to Know
Product Ownership
Attitudes towards Products and Cover
Attitudes towards Cost and Value
Switching Behaviour
Amount Spent on General Insurance Products
Factors Influencing Insurance Purchases
Motivation to Switch or Consider Switching
Brand/Company
Brand/Company
Our brand research provides data and informed analysis across a number of consumer metrics including usage, satisfaction, recommendation, momentum and trust. It also explores consumer attitudes towards brands and examines the reasons behind these.
Key Players – What You Need to Know
Underwriter Share
Competitive Strategies
Advertising and Marketing Activity
Data
Data
Reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
Appendix – Data Sources, Abbreviations and Supporting Information
30th August 2016
“Zurich has announced a partnership with the smart tech company Cocoon, offering consumers the opportunity to receive a discount on their home insurance in return for installing a Cocoon device. Ownership of connected home devices remains low, but, insurers are in a good position to help increase uptake, as long ... 
22nd April 2016
“InsurTech start-up Hughub has created a solution that will allow consumers to view all of their insurance policies in one place – regardless of the provider. This fits with the growing consumer demand for more convenient products and services. It also has the potential to increase policy ownership, by highlighting ...
|
Peer-to-peer insurance is calling the role of the traditional insurer into question
