REport:
Reframing Risk: The Emerging Consumer Perspective in Home Insurance
The home insurance market is facing an unprecedented challenge—a widening gap between how insurers and consumers view risk.
Download our latest research, presented by our CEO Ian Hughes at the Verisk Conference, which explores this disconnect in depth and uncovers critical insights essential for every industry professional.
In this comprehensive report, we explore how insurers continue to focus on traditional threats like natural disasters, fire, and theft, while consumers are increasingly concerned with a broader set of risks. These include the impact of global events such as Brexit, the strain of aging infrastructure, the demands of new environmental regulations, and the pressures of urban living.
Key insights from the report:
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Global events: Consumers are significantly altering their home insurance decisions due to economic instability caused by global events. However, insurers often overlook the impact of these events, resulting in a gap in tailored insurance solutions.
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Aging infrastructure: With many UK homes aging, consumers are worried about their properties’ ability to withstand modern challenges. Insurers frequently underestimate this concern, leading to a disconnect between consumer needs and insurance offerings.
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Environmental regulations: As new environmental laws come into effect, consumers are making changes to their homes, such as installing energy-efficient systems. Yet, insurers have been slow to adjust their products to match these consumer-driven adaptations.
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Urban living: High-density living presents unique risks, from fire safety concerns to the complexities of shared spaces. Despite these concerns, many insurance products fail to address these risks adequately, leaving consumers feeling vulnerable.
Download this essential report to gain a deeper understanding of these critical issues and learn how to align your offerings with the evolving needs of consumers. Stay ahead of the curve and ensure your strategies are informed by the latest insights in the industry.
Download the Report Now and equip yourself with the knowledge that will shape the future of home insurance.