Aggregators
Home insurance premiums drop 8.2% year-on-year
Consumer Intelligence data reveals that a typical buildings and content policy now stands at £138, but premiums are expected to go up due to new pricing rules.
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Aventus launches Aggregator API
The product is aimed at brokers and integrates with a wide range of price comparison websites.
Admiral sells Confused to Zoopla-owner for £508m plus accrued value
Zoopla parent ZPG Comparison Services Holdings finally snags an insurance aggregator after Go Compare rejected its advances in 2017.
Go Compare owner sold for almost £600m
GoCo has been bought four years after its Esure de-merger.
CMA fines ComparetheMarket £17.9m
The watchdog says the comparison website breached competition law by using clauses prohibiting home insurers to offer lower prices on other aggregator sites, resulting in higher premiums.
Go Compare owner sees profit slip
GoCo Group’s preliminary results suggested operating profit would drop more than 46% amid transformation plan.
People Moves Round-up: 18-22 November 2019
Keep up to date with the latest market moves.
Travel broker Staysure buys aggregator
The provider to the over-50s market has acquired a controlling stake in a price comparison website.
Insurers most at risk from FCA pricing review named by analyst
Analyst firm Peel Hunt highlighted Direct Line, RSA and Saga as particularly vulnerable.
Go Compare owner in £120m refinancing
Both the credit facility and four-year term loan included in the refinancing can be extended for an additional year.
CMA’s investigation into Compare the Market sees timeline extended
Investigation centres on clause included in the aggregator’s home insurance contracts which may potentially cause consumers to miss out.
Applied Net 2019: Pace of change in insurance to speed up
Applied Systems CEO, Taylor Rhodes, discusses the tech evolution in insurance, partnering with Google and why the UK is a "ripe market" for the software house.
Honcho launches ‘reverse auction’ app
InsurTech Futures: The car insurance app aims to reduce costs for young drivers.
Over four million drivers stuck in £982m insurance loyalty trap
Research by GoCompare shows 44% of drivers let their car insurance automatically renew, with customers overpaying by £982m a year.
Admiral reveals £33m Ogden hit in H1 2019
Provider posts modest turnover and profit rises.
Quizzical questions: 19 July 2019
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FCA warns of Moneysupermarket clone
The aggregator is the latest firm to be targeted by fraudsters.
FCA strengthens position on dual pricing
The regulator has published a fresh response to the CMA.
Government revives further regulation of aggregators
The government referenced a 2017 study into digital comparison tools by the CMA.
Profit soars at Admiral in 2018
But the provider's UK household segment reports loss after weather impact.
InsurTech Futures: Biba signs first InsurTech partnership with Worry+Peace
The British Insurance Brokers’ Association has joined forces with InsurTech Worry+Peace to help brokers bolster their ability to trade digitally.
Revenue nudges up for Go Compare
Operating profit also went up but revenue in its price comparison segment slipped.
InsurTech Futures: Honcho joins Biba
Start-up is the first reverse auction marketplace to be a member of the broker trade body.