Comparison sites
Insurance Age blog: What did you have for breakfast today?
I'm going to tell you something you don't know about me. Happy Gilmore is one of my all time favourite films. There are a variety of reasons why this is the case but one particular exchange never fails to make me chuckle.
Biba welcomes FSA proposed guidance for comparison websites
The British Insurance Brokers’ Association (Biba) has welcomed the Financial Services Authority’s (FSA) guidance consultation for insurance comparison websites.
FSA review reveals TCF issues for aggregators
The Financial Services Authority (FSA) has deemed it necessary to issue proposed guidance on the selling of general insurance policies through price comparison websites.
Biba queries "misleading" survey on aggregator commission levels
The British Brokers’ Association (Biba) has questioned a recent YouGov survey which stated that the average commission taken by comparison sites stood at 24%.
Brokers are still making their mark in personal lines
Brokers are retaining their customer appeal in personal lines despite the growth of insurance aggregators - though they must remain in tune with customer needs to stay ahead, according to new Aviva research.
Survey reveals brokers sure of business growth
More than three quarters (78%) of insurance brokers polled in a survey for Mapfre Assistance said they were confident about business growth prospects in the next 12 months, with 27% saying they were very confident about business growth.
Jon Dye: what have you done for brokers lately?
From expanding Allianz Retail’s motor offering and setting up an online comparison service to trying to out-sing Gio Compario, Jon Dye tells us what he’s been up to.
Select Committee polarises opinion
Results of inquiry into motor insurance costs backed by Biba – but ABI brands it a missed opportunity.
Profile - Henry Engelhardt: Admiral of the fleet
Henry Engelhardt was at the bow when the Admiral ship first set sail and he led the company onto the stock exchange when it floated in 2004. Emmanuel Kenning talks to the CEO about claims, pricing and the source of great market envy - the provider's COR.
Admiral confirms plans to move into household arena
Chief executive of Admiral, Henry Engelhardt, has confirmed that the insurer is planning to move into household insurance.
New property aggregator promises to help brokers retain clients
Former KGM group development manager, Doug Phelan, has returned to the market with a new ‘broker friendly’ aggregator proposition.
Brightside buys aggregator technology firm Quote Exchange
Brightside Group has agreed to buy Quote Exchange for £3.7m in cash and just under 1.4m ordinary shares in Brightside.
The PB Interview - Laurent Matras: Through the storm
Laurent Matras, managing director at Groupama Insurances, tells Andrew Tjaardstra about the state of the insurance market and how he is working closely with brokers to give his firm a competitive advantage.
Biba calls on Government to stem "spiralling" motor insurance costs
The British Insurance Brokers’ Association (Biba) has called on the Government to implement an eight point plan to reduce the rising cost of motor insurance.
Only one in ten automatically renew car insurance
UK consumers are the most determined to shop around for a good deal on insurance, and the least likely to stay loyal, according to Datamonitor.
SME Aggregators: Digital commercial futures
Edward Murray outlines the difficulties being encountered in establishing a successful aggregator template for small and medium-sized enterprise trade.
Aggregators are criticised for their poor online security
Price comparison sites Confused.com and Comparethemarket.com have been accused of leaving the door open to criminals by sacrificing security in favour of ease of use.
Advertising power acknowledged
Aggregators have admitted that their financial performance has become increasingly dependent upon the success of advertising campaigns.
Comparison site to provide unique gadget cover service
Moneymaxim has launched what it claims is the first gadget insurance comparison service.
Aggregator surge could hamper insurers' IT
Software experts have raised concern that the growing popularity of comparison sites is causing IT troubles for UK insurance companies.
Editor's comment: The motor market is shot
A senior industry figure told me this month that it is the "worst time" in the history of the motor market for insurers. A pile of news has confirmed this, including RBS's loss of over £200m in its first-half results, Equity's reserving issues and NIG…
News review: August
Axa Insurance customer experience director, Paul Meehan, expressed interest in filling the senior management vacancy in the company's commercial division.
Go Compare targets home insurance market
Aggregator site Go Compare is to target the home insurance market with a new TV advert starring character Gio Compario.
HMRC stipulates VAT exemption conditions for online intermediaries
Online insurance intermediaries must look closely at their business models in order to qualify for VAT exemption following a briefing by HM Revenue and Customs (HMRC).