Aggregators
E-commerce: Non-intermediaries set to muscle in on micro market
Brokers that fail to embrace technology-savvy trading risk losing their majority share of the micro commercial market.
Uncertainty for aggregator as CEO position remains vacant
Tesco Compare has refused to confirm whether it will fill its vacant chief executive position and has hinted that the site, which was heralded to become a top aggregator, may be marketed solely to the supermarket's customers in the future.
IAG boosts UK claims reserves
Insurance Australia Group (IAG) said that due to a "significant deterioration in UK claim experience", in particular bodily injury claims, it has conducted an independent actuarial review of its UK business.
Technology: Commercial e-trading starts to come of age at Biba 2010
Emmanuel Kenning reports on the excitement at this year's industry conference at London ExCeL, where brokers beat a path to access the cost-saving, revenue generating technology on offer from software exhibitors.
Confused creates new marketing role
Price comparison site Confused has announced the appointment of Mike Hoban to the newly-created position of chief marketing officer.
Reportage - state of the market: A very British coup
Unlike our continental cousins, buying insurance online has become de rigeur for the UK public - but it is not all doom and gloom for personal lines brokers. Louise Meeson reports on the state of market.
E-commerce: Coverzones revival to spark more aggregator integration
The re-launch of Coverzones, which was recently saved from administration, could trigger greater integration between commercial and personal aggregators, following overtures from its chief executive.
Schemes: Scheme boom to drive down rates
Commercial affinity schemes are growing in popularity but increased competition could have a detrimental impact on rates.
Coverzones bought out of administration
Coverzones’ assets have been bought out of administration by its management team, supported by an unnamed major private investor.
Coverzones ceases trading
In a statement on its website, Coverzones, the online business insurance price comparison and policy management firm said: “This site is closed and Coverzones is not accepting any new business.”
Helping yourself
Anne Hudson outlines the benefits of commercial insurance e-trading and urges brokers to embrace web self-service or risk being left on the shelf
Regional power hour – Glasgow : The e-factor
This month's regional power hour, sponsored by Ecclesiastical, asks what impact e-trading has had on the market and what concerns exist regarding its future. Liz McMahon reports.
Your letters: A counter-productive strategy
Broking companies that use zero or minus commission rates to make premiums competitive are undermining the sustainability of the insurance broker market.
E-commerce: Internet rules UK personal lines distribution market
The internet is fast becoming the "only" way to purchase personal lines insurance in the UK as online customers become less loyal and more price sensitive, according to a recent consumer survey.
Car insurance premiums have stalled in Q1, says AA
The latest AA Insurance British Insurance Premium Index shows that car insurance premiums have stalled during the first quarter of 2010.
Open GI reaches two million aggregator quotes a day level
Technology company Open GI has announced that it seen aggregator quotes rise to two million a day.
Junction snaps up Bradford & Bingley's motor and home insurance business
Junction, the affinity specialist intermediary, has announced its acquisition of Bradford & Bingley’s motor and home insurance business.
OpenGI grows aggregator panel
Moneyexpert.com is the latest comparison site to join Open GI’s e-aggregator panel, bringing the total number to 15.
Online insurance customers less loyal and more price sensitive, according to research
In the UK 63% of consumers have purchased motor insurance online, 45% home insurance and 23% life assurance, according to research from Accenture.
Aggregator market set to shrink, claims Beachcroft
According to solicitors Beachcroft, the aggregator market will either dissolve or consolidate within three years and consumers will have the choice of only a "handful of aggregators".
Focus: Promoting brokers online
Many brokers are still reluctant to dip their toes in the digital waters to market themselves, yet it can be more cost-effective than traditional methods writes Darren Davidson
Specialist website reaches out to previously blacklisted users
Specialist brokers have banded together to launch a new website designed to provide insurance for the millions of people who can't secure cover, which they claim is one in four of the population.
Confused boosts motor insurance panel
Nationwide has joined Confused.com's panel of motor insurance providers.
Gio Compario ups aggregator's traffic
Go Compare's latest advertising campaign featuring opera singer Wynne Evans who plays a fictional tenor called Gio Compario is working.