London, UK (PRWEB) July 25, 2014
The emergence of online aggregators has changed the face of the distribution of in the insurance industry. Distribution of insurance products and services has grown to be increasingly diverse, with online aggregators, agencies, direct online sales, broker dealers, auction websites and mobile based distribution. Online aggregators are strengthening their presence worldwide, enabling consumers to access manifold quotes from various insurance services providers, and they will likely to keep on bringing radical changes to the insurance market space through to 2020.
The advent of online aggregators has drastically changed how personal lines of insurance are marketed. Rather then aiding in the sale of insurance products and services, online aggregators have become a major competitor for insurers and brokers, resulting in cost-based competition and profit crunch. Large insurers with well established brands are the biggest losers in the market dominated by online aggregators, whilst smaller insurers are the reaping great benefits.
Brand dilution, and falling customer retention rates, declining market share and profitability are amid the major challenges leading insurers are facing with due to the rise of online aggregators. Smaller insurance companies, low cost providers and new market entrants have taken advantage from access to a broader customer base and increasing price based competition.
New market research report “Insight Report: The Rise of Online Aggregators” worked out by Timetric is now available MarketPublishers.com.
Title: Insight Report: The Rise of Online Aggregators
Published: July, 2014
Price: US$ 3,800.00
The report offers an in-depth analysis of the online aggregators marketplace globally with a focus on the UK, the US and India. It provides unbiased insight into the development and growth of the sector, gives a granular examination of different factors fuelling the rise of online aggregators in nascent, developing and developed aggregator markets, along with a number of challenges faced by them. An all-round study of the influence that online aggregators have on the insurance industry and various challenges posed by them to brokers and insurers is provided as well.
Reasons to Buy:
More new market research reports by the publisher can be found at Timetric page.