Young drivers are not disappearing.
The under-25 motor market is changing.
Over the past two years, insurer appetite, pricing and consumer behaviour in the under-25 segment have shifted.
Switching has fallen. Telematics participation has concentrated. Payment behaviour has changed.
This report explains what has changed and what it means for insurers and PCWs reassessing their position in this segment.
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whats inside
- Competitive capacity and pricing trends
- Renewal shopping and switching behaviour
- Household dynamics and fronting
- Payment and funding shifts
- Telematics concentration
- Implications for acquisition and lifetime value
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