Consumer Approaches To Online Insurance Comparison Sites In The Uk

By Author: Bharat Book Bureau
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Based on a survey of over 1,000 consumers, Aggregation Metrics: Consumer Approaches to Online Insurance Comparison Sites in the UK offers new insights into the current development and future prospects of insurance aggregators in the UK. http://www.bharatbook.com/market-research-reports/insurance-market-research-report/aggregation-metrics-consumer-approaches-to-online-insurance-comparison-sites-in-the-uk.html

s defined by new customers and switchers; it then analyses the distribution channels and interfaces used for acquiring these policies in the UK, highlighting both the share of aggregators and the share of online sales in general, including indicators for the speed at which these are growing.

Moreover, it investigates the extent to which online insurance buyers in the UK are using tablet computers or mobile phones for this purpose, as opposed to regular laptop or desktop computers, and establishes whether propensity to use aggregators is influenced by age and / or annual household income. In addition, it benchmarks the performance of eight of the leading insurance comparison sites in the UK in terms of awareness ...
... levels, conversion rates and sales.

For many analyses, the latest data for 2012 is compared with that from a previous survey undertaken on the same subject in 2008 to show how the environment for insurance aggregators has evolved over time.

Key features of this report and the consumer data file that accompanies it include:

- unique data showing whether UK consumers use one, two, three or up to seven or more websites when researching insurance products;

- standardised figures illustrating distribution channels employed for acquiring motor and household insurance, differentiating between 'available' customers buying for the first time or switching provider and customers simply renewing a policy bought in a previous year;

- similar statistics showing the distribution interfaces used for the same two policy types in the UK with a split between sales in a face-to-face setting, online sales, telephone sales (both inbound and outbound) and postal sales;

- performance benchmarking for eight of the leading aggregators (namely, BeatThatQuote.com, comparethemarket.com, Confused.com, gocompare.com, MoneySavingExpert.com, Moneysupermarket.com, Tesco Compare and uSwitch) in order to indicate rates of recognition, usage to research insurance and usage to actually buy insurance;

- survey results that outline planned usage of online insurance comparison sites in the UK and how future utilisation is likely to vary between previous users of aggregators and non-users.

0.0 EXECUTIVE SUMMARY

1.0 INTRODUCTION
What is this report about?
Rationale
European consumer research
Other international research reports

2.0 SURVEY ANALYSIS
Introduction
Consumer propensity to research and purchase insurance products online
Overview
Segmentation by age and annual household income
Number of websites consulted when researching insurance online
Motor insurance
Switchers and new buyers within the total
Distribution channels
Distribution interfaces
Cross-tabulation of distribution channels and interfaces
Household insurance
Switchers and new buyers within the total
Distribution channels
Distribution interfaces

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