Insurance aggregators have become a popular means of product distribution with a particular significance in the personal insurance market, although in recent years the channel has expanded into commercial lines. Currently, there are four aggregators that cater to a large proportion of the insurance market (known as the "Big Four").
Examines the introduction of new market legislation and how aggregators will respond.
Provides an overview of the investments made by aggregators in advertising and marketing.
Analyzes the use of technology and the new digital initiatives aggregators are looking to employ.
Reasons To Buy
Which insurance policies are being bought via aggregators?
How will the introduction of new legislation affect the aggregator market?
How can technology improve the customer experience when using aggregators?
Currently, the Big Four's insurance products have little differentiation from each other, particularly in the car insurance market. This is due to the exclusivity agreements they have signed with insurers, which prevent their products from being offered at a cheaper rate elsewhere.
The aggregator market model has experienced little change since its earliest days and has fallen behind other areas of finance in terms of servicing and retaining the customer; for example, aggregators can do more to make use of the new technological facilities that are now available.
Wide most favored nation clauses are considered to be the most damaging to the market as they absolutely limit market entry, prevent product innovation, and restrict price differentiation. This results in higher premiums for consumers because it is not possible for competing insurers to offer lower prices in order to gain market share.
Single User License:
Corporate User License:
select a license
NEWSLETTER BY CATEGORY
I would like to thank Ken research team for meeting our report deliverables. The report is very good and we appreciate your well cooperation. ... "., Coldwell Banker - Riyadh "
The research you conducted was very helpful for us and the integrity of your research approach gave us great confidence in the data. Look forward to collaborating again in future... "International and Business Dev. Director, Duta Abadi Primantara"
An excellent provider. Thorough, precise and outstanding insight. They drill down to what we need and their reports are effective at integrating text with supporting graphics and charts. Their reports are a great resource to go back too. ... "General Manager SBU Manufacture, PT. KIMIA FARMA, TBK"
Coherent, high-quality, thoroughly-researched reports. We received a very quick response to all our queries which eventually expedited the entire process.... "VP Innovation, Engineered Profiles LLC"
Well structured, the insights they shared with us were very helpful and reliable. Their timely assistance make their services invaluable to us. I would highly recommend them and would definitely use them again in the future if needed... "President, VPP E-Data Services, VPP E-Data Services"