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(IT-NEWSWIRE.COM, March 10, 2018 ) "UK Personal Lines Insurance: Distribution and Marketing 2017", explores customer purchasing behavior and how consumer preferences are changing over time. The report uncovers the differences, expected market share, key insurance brands, and footprint by product each key distribution channel accounts for. It also provides a forecast on how the personal lines distribution split will evolve over the next few years, and looks into the key trends and new propositions that will shape the industry.
In the midst of an insurtech revolution, the personal lines distribution space faces a number of new challenges to the status quo and a raft of opportunities to better engage with customers. Consumers are increasingly opting to purchase direct from insurers, which is perhaps unsurprising given the rising use of online and smartphones to purchase cover. This has come at the cost of brokers, which have the challenge of embracing technology but the risk of losing channel differentiation with direct players.
Complete report is available@ http://www.reportsweb.com/inquiry&RW00011465184/sample
Scope:
- The direct channel is pulling away from the broker space as the most frequently used channel by personal lines insurance customers. It has benefitted from increased use of technology, improving the ability to sell straight to customers. - The banking and affinity channels' share of insurance distribution remain static due to a combination of good access to consumers but little innovation. - Our 2017 UK Insurance Consumer Survey found that Comparethemarket.com was the most popular comparison site used to purchase all four sub-categories of personal insurance in 2017.
Reasons to buy:
- Understand consumer purchasing decisions and how these will influence the market over the next few years. - Improve customer engagement by recognizing what is most important to consumers and how the purchasing journey can be developed to meet their needs. - Discover the most selected providers across each key distribution channel, and which of these channels boasts the best customer loyalty. - Have a view on which insurance brands and products account for the lion's share of marketing spend. - Discover the top 50 brokers in the UK, with profiles on the top five. - Read about key emerging players, with profiles on start-ups and apps in the major channels.
Inquire before Buying@ http://www.reportsweb.com/inquiry&RW00011465184/buying
Companies Mentioned: Aviva Admiral Direct Line Churchill Petplan Animal Friends AXA Insure & Go Hastings Saga AA Swinton Bought By Many Staysure Barclays Lloyds Bank Halifax Tesco Co-op Insurance M&S Bank Santander HSBC Natwest Boots Pets at Home Asda Morrisons Sainsbury's Thomas Cook Comparethemarket.com Moneysupermarket.com Confused.com Gocompare.com LV= Homeserve Age UK RIAS Uki Partnerships Bupa RAC NFU Mutual Back Me Up Ageas Cuvva Metromile Amazon Policy Genius Brolly Wrisk Neos Petrics Insure The Box Hastings Direct Swinton Adrian Flux A-Plan Arthur J. Gallagher SimpleSurance Claims Made Easy N26 UK General CompareChecker The Zebra
ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com
Source: EmailWire.com
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