The Impact of Alternative Providers in Insurance

The Impact of Alternative Providers in Insurance provides an in-depth analysis of the potential disruption caused to the UK insurance market should an alternative provider such as Google or Apple seek to enter. Among the points discussed include whether consumers are open to purchasing insurance from an alternative provider, the potential collaboration opportunities for current providers, as well as some examples of collaboration already occurring across different markets.

The insurance industry has seemingly awoken from a slumber in the last few years, and is now comparatively surging with innovative energy and insurtech propositions. But the most advanced technologies are rarely utilized, and with the industry still learning to build closer engagement with customers the market remains vulnerable to the entrance of alternative (or non-traditional) providers. The most disruptive alternative providers are likely to be technology specialists, as leveraging the latest technology will enable them to operate more efficiently and greatly improve the customer experience.

Scope

- Among a number of alternative brands, survey respondents were most open to purchasing an insurance product from Amazon.

- Collaboration with leading technology companies will provide opportunities to develop a competitive edge in a number of areas.

- With almost a fifth of consumers open to purchasing home insurance from Google there is an opportunity for the tech giant to leverage its smart home devices in this space.

Reasons to buy

- Discover which alternative providers pose the greatest threat to the insurance market and potential areas in which to collaborate.

- Identify which insurance products consumers are most likely to purchase from alternative providers.

Companies mentioned

Google

Amazon

Facebook

Apple

O2

Munich Re

Swiss Re

Bought By Many

Trov

next

neos

Slice

Lemonade

CarlQ

Ignitia

Tyche

Wellthy Therapeutics

Vouch

Biovotion

Vitality ...

Google

Amazon

Facebook

Apple

O2

Munich Re

Swiss Re

Bought By Many

Trov

next

neos

Slice

Lemonade

CarlQ

Ignitia

Tyche

Wellthy Therapeutics

Vouch

Biovotion

Vitality

Willis Towers Watson

Accenture

Waymo

Chubb

App in the Air

FlightStats

Tesla

Direct Line

WeChat

Fubon Insurance

Aviva

HomeServe

JP Morgan

Berkshire Hathaway

Acko

Table of Contents

Table of Contents

Executive Summary

Alternative providers

Friend or foe?

Alternative provider profiles

Appendix

Table of Contents

Executive Summary

Alternative providers

Friend or foe?

Alternative provider profiles

Appendix

List of Tables

List of Figures

    Pricing

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