Consumer Intelligence

🚗 The landscape of under-25s motor insurance is changing rapidly, with key players exiting the market, leading to higher premiums and reduced competition. How will these shifts impact young drivers and the broader industry? 📈 Dive into our latest article to uncover the trends and what they mean for the future. Stay ahead of the curve—click the link below to read more! 🔗 https://hubs.ly/Q02N09jV0 #InsuranceIndustry #MotorInsurance #YoungDrivers #InsuranceNews

With the FCA’s Consumer Duty in effect, insurers are under pressure to ensure that instalment costs are transparent and fair. Are you confident that your business meets these new requirements? Our article provides key insights into: 🔹What compliance with Consumer Duty means for your instalment plans. 🔹The risks involved and how to mitigate them. 🔹Actionable steps to align your business with the new regulations. Stay compliant and protect your customers. Read the full article here🔗https://hubs.ly/Q02MV1RP0 #ConsumerDuty #Compliance #FinancialServices #FCA

We've been monitoring changes in the home insurance market, and there's one trend that stands out: the steep decline in the number of home insurance underwriters. This shift has far-reaching implications for homeowners, insurers, and the industry as a whole. In this analysis, we dive deep into the driving forces behind this trend, from market dynamics to changing risk landscapes. 🔍 Stay ahead of the curve and understand what this means for the industry. 🔗https://hubs.ly/Q02Ml6m90 #InsuranceIndustry #HomeInsurance #RiskManagement #MarketTrends #Underwriting

💡Understanding consumer price sensitivity is crucial in today's competitive insurance market. In this article we dive into how UK consumers respond to price changes in the general insurance sector. From the factors driving their decisions to actionable insights for insurers. Don't miss out on these valuable insights that can help you better understand your customers and optimise your pricing strategies! Read the full article: https://hubs.ly/Q02M3Gtg0 #Insurance #PricingStrategy #ConsumerInsights #MarketTrends

A recent survey by Quotezone.co.uk reveals that over half of Brits are not planning to switch to electric vehicles, with 86% preferring petrol or diesel cars. By 2035, all new cars in the UK must be electric or zero-emission. Despite this, 78% are not looking forward to the transition, and only 9% plan to switch within two years. Greg Wilson, CEO of Quotezone.co.uk cites high costs and limited charging infrastructure as major hurdles for adoption. 🚘 📰 Source: https://hubs.ly/Q02Kx_Jb0 #ElectricVehicles #Sustainability #AutomotiveIndustry #RenewableEnergy

As international travel faces uncertainties, the UK staycation trend is booming like never before. From hidden gems to bustling cities, Brits are discovering the beauty in their own backyard. 🌿 Our latest blog explores how this trend is reshaping the travel industry, impacting local businesses, and influencing consumer behaviour. Find out why more people are choosing UK holidays and what this means for the future of travel. 🌍 Dive into the full article here: https://hubs.ly/Q02KbgTk0 #Staycation #TravelTrends #UKHolidays #ConsumerBehavior #TravelIndustry

Did you manage to watch our webinar on the Ogden Rate? No? Well, check out some highlights in this video. 📼 Catch up on the full session and absorb all the latest insights, right here: https://hubs.ly/Q02Ky4H30 🔗 🎙️ Huge thanks to our exceptionally knowledgeable panellists, Peter Parsonage, Ian Hughes, Max Thompson ACII and Tim Stout. #OgdenRate #InsuranceWebinar #MotorInsurance

The Financial Conduct Authority (FCA) has launched a discussion paper to simplify regulations and boost competitiveness in the financial sector. The proposed changes could reduce the time needed to onboard new customers and renew contracts. The FCA is also reviewing its rulebook to identify overlaps with its new consumer duty regime, which focuses on positive customer outcomes. Suggested revisions in customer categorisation aim to ease compliance for serving large corporate insurance buyers while safeguarding individuals and small businesses. Sarah Brook, a partner at CMS law firm, noted the FCA's recognition of the "undue compliance burden" created by applying consumer rules to the commercial market. 📰 Source: https://hubs.ly/Q02Kx-SG0 #FCA #Regulation #Competitiveness #Compliance #FinancialServices

📢 Over the past year, van insurance premiums have increased by a staggering 24.7%. But there's some good news: the rate of increase is slowing down! 📉 Curious about what this means for van owners and businesses? Our latest blog dives into the factors driving these changes, offering insights into how you can navigate the evolving insurance landscape. 🔗 Read the full article here: https://hubs.ly/Q02KbgSn0 #InsuranceInsights #VanInsurance #MarketTrends

In the complex landscape of the UK general insurance market, the definition of "essentials" insurance products remains unclear. Are these products truly serving consumers' needs? We explore the topic of essentials products, highlighting how they often fall short of consumer expectations. Without a clear baseline, consumers are left guessing about what their affordable policies actually cover.📝🛡️ Read the full story here! 🔗https://hubs.ly/Q02JK6SP0 #InsuranceInsights #ConsumerAwareness #MarketTrends #EssentialsProducts