About Insurance Aggregator
The growing technological innovation in the insurance sector is helping to triggered global insurance aggregator market in the forecasted period. The Insurance Aggregator concludes agreements with a number of Insurers to provide a comparative quote based on a pre-determined list of specified needs as disclosed by potential clients. It is a strong online presence comparing insurance quotes and coverage, supported by extensive advertising to build visibility and drive traffic attracted clients on the basis of convenience and cost.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United Kingdom Players will contribute the maximum growth to Global Insurance Aggregator market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Admiral Group (United Kingdom), Esure (United Kingdom), Amazon (United States), BGL Group (United Kingdom), Barclays (United Kingdom), Beagle Street (United Kingdom), Defaqto (United Kingdom), HSBC (United Kingdom), Lloyds (United Kingdom) and Financial Conduct Authority (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Competition and Markets Authority (United Kingdom), Money Saving Expert (United Kingdom), Ofcom (United Kingdom) and RBS (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Insurance Aggregator market by , Application (Property insurance, Casualty insurance and Others) and Region.
On the basis of geography, the market of Insurance Aggregator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution, the sub-segment i.e. Lead Generators will boost the Insurance Aggregator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Private Automobile Insurance Market and The Growing Awareness about the Insurance
Market Growth Drivers:
Increased Incidence of Insurance Fraud and Changed Customer Expectations and Purchasing Behaviors
Challenges:
Stringent Government Regulations Associated With License Requirement
Restraints:
Rising Use of Internet, Social Media
Opportunities:
Growing Marketing Expenditure of Insurance Industry
Market Leaders and their expansionary development strategies
30th April 2019, Admiral Group plc announces that it has agreed to form a joint venture with Oakley Capital and MAPFRE S.A. to combine Rastreator Comparador Correduría de Seguros S.L. with Asesor Seguros Online S.L. and Asesor Consumer Services S.L. two of Spain’s most regarded digital brokers for insurance and other financial products.
Key Target Audience
Service Provider, Industry Association, Government Regulatory Bodies, Government Research Organization, Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.