"UK Personal Lines Distribution" Published

From: Fast Market Research, Inc.
Published: Tue Apr 19 2016

The personal lines insurance market has reached a level where products are priced at such a low rate that shopping around for better deals - which is common across the four main product categories (motor, home, travel, and pet) - is becoming a thankless task with limited benefits. Intense competition has driven rates down to a level where switching provider is beginning to offer little in terms of cost savings. As a result, automatic renewals have increased in most distribution channels and product categories. This trend is set to continue unless a hardening of rates is brought about or capacity is reduced.

Full Report Details at
- http://www.fastmr.com/prod/1135716_uk_personal_lines.aspx?afid=301

Key Findings

* Almost half of policies across all of the personal lines markets are distributed through the direct channel.
* Price comparison site usage has fallen but they remain an important port of call for customers - whether for research, quote comparison, or regular sales purposes.
* The online channel remains important to consumers purchasing personal lines as the use of digital devices has become ubiquitous and internet usage gains in popularity.

Verdict Financial's "UK Personal Lines Distribution" explores consumer purchasing behavior and how it is developing across the four main personal insurance product categories. The report discovers what is most influential to customers when purchasing a policy and also reveals the most popular providers in each of the respective markets. New trends and innovations are highlighted along with the key factors influencing the distribution of personal insurance products.

Reasons to Get this Report

* To understand consumer purchasing decisions and how these will influence the market over the next few years.
* To improve consumer engagement by recognizing what is most important to customers and how insurers can adapt their products and services to meet their needs.
* To discover the top providers in the personal lines markets and how the distribution of personal insurance products is developing now, and also how it will evolve in the future.
* Adapt and improve your company's distribution strategy to ensure it is aligned with customer purchasing attitudes, behaviors, and expectations.

Companies Mentioned in this Report: Aviva, Admiral, Direct Line, LV=, Churchill, Hastings, Saga, AXA, esure, Tesco Bank, Marks and Spencer, Argos, The Co-operative Insurance, Thomas Cook, Swinton Insurance, Moneysupermarket.com. Confused.com, Gocompare.com, Comparethemarket.com, Insure and Go, Petplan, AA, Post Office, Halifax, Barclays, Nationwide, Lloyds Bank, Ageas, Allianz, Legal and General, More Th>n and Asda.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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