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Motor Insurance Market View


 

Optimise your competitive position in a fast-moving market by accessing uniquely comprehensive and market leading motor insurance pricing insights.

 

Open box. bw.png  What is Market View?

Market View gives you a uniquely comprehensive understanding of market pricing behaviour within the motor insurance industry. Using brand visible data, it contains actionable insight which will enable you to make informed decisions around pricing strategy, based on your current competitive position across the whole market including aggregators.

Market View covers the whole market including Home, Life, Motor, Motorbike, Pet and Van

 


person.png  Who is it for?

Market View is an invaluable tool for companies within the General Insurance market, especially brokers, direct insurers and aggregators.

 


question mark.png  How does it work?

Consumer Intelligence is uniquely placed to collect data from direct insurers and aggregators, using real customer risk information to ensure its insights and data are both meaningful and nationally representative. All brand data is visible, so you can gain an optimum understanding of your market position.

 


plus sign.png  Why will it give you an advantage?

Market View will allow you to optimise your pricing strategy across the channels
in which you operate. You will be able to make informed decisions based on
respected and reliable data which will improve your bottom line.

 

Business impact

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Maximise pricing changes by benchmarking your performance against competitors


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Identify opportunities to increase your quotability and/or competitiveness


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Optimise your panel of underwriters by analysing their individual performance

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Evaluate rate changes prior to
market wide release

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Gain confidence in your pricing position
against the market


Open box. bw.png  New Release: Instalment View 

A development of our Marketview system due to customer demand following the FCA released regulations that state that insurers have to be clearer to the customer, there can be no misleading information, which includes presenting the total annual premium which then changes when the customer choses to pay in instalments.  This data on instalment breakdown unveils a whole new benchmarking ability to our customers and allows them to evolve their strategy to remain competitive with this regulation in mind.

This new view not only allows you to benchmark yourself against competitors and identify opportunities to maximise competitiveness, you can also do this looking at it, not only through quoting on total annual premium but also the cost to customers by instalments. Given IDD FCA guidelines, Instalment View allows you to see this new view in a unique way, allowing you to capitalise on potential market opportunities.

Work with consumer intelligence, not only to receive the data and get this unique view of the market, but also to evaluate and analyse your strategy and receive advice on how to make the most of the  opportunity and to comply with regulations.

 


 

What we offer you

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Dedicated CI consultancy service to assist you in getting the most value out of our data and specialist insights. 


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Access your data via an intuitive online portal. Data views, including competitive ranking, underwriting performance and average premiums, can be customised and saved, as well as exported to Excel depending on your needs. These reports can be delivered weekly or monthly.


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Excel spreadsheets show you annual price and, where relevant, compulsory and voluntary excess values for each insurer on the market.


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Files detailing a range of price claims that comply with ASA and FCA standards, allowing you to use them for marketing messages.


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CI can work with you to create personalised data and analysis to suit your business needs.

 

Do you want to find out more?