Our insurance market benchmarking tools enable our clients to optimise their competitive position in a fast-moving market by accessing uniquely comprehensive and market leading pricing insights.
We are uniquely placed to collect data from direct insurers and aggregators, using real customer risk information to ensure our data and insights are both meaningful and nationally representative.
Depending on your specialism, our data can help you measure and improve quotability, pricing consistency, and competitive performance; optimise your pricing strategy across the channels in which you operate; identify new target customer segments and footprint opportunities; or even help manage relationships with your PCW partners - all whilst gaining a transparent view on competitor movements.
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.
At a high level, Market View allows you to monitor performance, identify challenges and problems, and discover opportunities. Depending on your specialism, our data may help you to measure and improve quotability, pricing consistency, and competitive performance; optimise your pricing strategy across the channels in which you operate; identify new target customer segments and footprint opportunities; or even help manage relationships with your PCW partners - all whilst gaining a transparent view on competitor movements.
In this paper, we explore the current best practice in insurance pricing and give you some guidance about where the industry is about to go next. Ten years ago, the cycle at which prices changed was linked to risk and was measured in weeks and months and the feedback loops of success and failure were slow, today “street” prices can vary many times in a day.
The insurance add-ons market is a rich source of income for the UK motor insurance industry, but with changing regulations, differing consumer behavior and a wide range of insurer strategies at play, it is becoming increasingly difficult for insurers to determine the best approach to market for add-on policies.
Benchmarking premiums against peers is a core part of remaining competitive and understanding your place in the market.
Most insurers will spend a big chunk of their budget on brand, product development and sales, but given the importance of pricing in today’s market, equal focus should be given to optimising your pricing strategy.
We passionately believe in fusing data and insights in order to better help our customers... so we felt that Consumer Intelligence were exactly the right partner to work with
Ian Rowlands Vice President of Partnerships, GoCompare[fa icon="quote-right"]
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