Consumer Intelligence, acclaimed independent insight business for financial services, has recently announced a new and improved risk basket for their Irish clients in the home market.
A full review of Consumer Intelligence's Irish home collection was concluded in December of 2020, with many changes made to this sectors risks basket within their Market View product.
Market View is a insurance market benchmarking toolkit that provides a uniquely comprehensive understanding of market dynamics, competitor behaviour and brand positioning within the general insurance industry. The toolkit is comprised of two products: Annual View and Instalment View, and each of these provide insight across various insurance sectors, including home, motor, travel and pet.
By utilising the data contained within the Irish Census, the team at Consumer Intelligence have made significant changes to their property demographics and those that link closely to them.
John Blevins, Head of Product at Consumer Intelligence, said: "Our new and improved risk basket is a better reflection of the home marketplace within Ireland and as such, provides a more reflective data set on which to base pricing analysis and decisions.
"In addition to risk basket changes, we also altered our quarterly collection schedule and moved our first collection of 2021 to January rather than February. The move, fuelled by client feedback, will allow a richer understanding of pricing changes from a critical month in the Irish calendar."
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About Consumer Intelligence
Consumer Intelligence (CI) is an insight partner for financial services, inspiring confident decisions that build consumer trust. For 17 years the company has been benchmarking the insurance market and retail banks in the UK and beyond. The unique combination of benchmark data, consumer research and extensive experience has helped some of the world’s major brands focus on delivering better services to customers and improving their own business performance as a result. For more information, visit the website www.consumerintelligence.com
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