+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Direct to Customer in Insurance - Thematic Research

  • PDF Icon


  • 42 Pages
  • April 2020
  • Region: Global
  • GlobalData
  • ID: 5019431
Direct to Customer in Insurance - Thematic Research


As digitization continues to shape customers’ attitudes and purchasing behaviors, insurers are being forced to rethink their distribution models and put a greater focus on the direct channel. For both non-life and life products, price and reputation are at the heart of the customer decision-making process. Established players have the largest market shares for direct sales, but new entrants have focused their efforts on the direct channel and have excelled at removing friction from the customer journey. This is helping them differentiate their brands. Most insurers continue to hold strong ties with intermediaries, but the prospect of improved margins will incentivize them to continue investing in the direct channel.

This report explores how the insurance industry has evolved from selling products almost solely via brokers and other intermediaries to more direct methods as consumers become increasingly connected. It highlights which business lines have been most commoditized, rendering them more suitable for direct and unadvised sales. It explores how insurers are changing their communication strategies in a bid to improve customer engagement and retention. The report also reveals which mediums and technologies have the potential to generate further opportunities to engage with customers and improve brand awareness.

  • The direct channel is experiencing the fastest growth with both non-life and life products, although it is still more prominent for the former.
  • Direct sales are also better established within personal lines than commercial products, as consumers’ willingness to pay for financial advice dissipates and online media facilitates direct interaction.
  • As the direct channel grows, insurers are putting a greater focus on the user experience and overall customer journey. Insurers are increasingly present across different media, including social media and messaging apps.

Reasons to Buy
  • Examine the size of the direct channel across selected key countries.
  • Understand the key factors contributing to the rapid growth of the direct channel.
  • Learn what insurance companies are doing to successfully communicate and engage with customers
  • Improve the customer journey and brand loyalty by understanding what matters to consumers.
  • Discover which are the most selected providers in the direct channel by non-life and life product lines (UK only).

Table of Contents

Thematic briefing
  • What’s the difference between the direct and indirect channels?
  • Enablers of the direct channel
  • What’s driving the direct channel?

  • Technology trends
  • Industry trends
  • Macroeconomic trends
  • Regulatory trends
  • Industry analysis
  • Competitive analysis

  • Value chain
  • Product development

Marketing and distribution
  • Underwriting and risk profiling
  • Claims management
  • Customer service

Companies Section
  • Public companies
  • Private companies

  • Further reading

Appendix: Thematic research methodology

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Zhong An
  • Lemonade
  • Aviva
  • Admiral
  • LV=
  • Direct Line
  • Zurich
  • AXA
  • Liberty Mutual
  • Vitality
  • Berkshire Hathaway
  • LINK4
  • Wipro
  • Bupa
  • Oscar
  • DeadHappy
  • Bought By Many
  • Metromile
  • By Miles
  • Marmalade
  • Igloo
  • Trov
  • Zego
  • Toffee
  • Clover Health
  • Root
  • Allianz
  • Spixii
  • Amazon
  • Google
  • Waggle
  • Trustpilot
  • Halifax
  • Lloyds Bank
  • NatWest
  • Arthur J Gallagher
  • Petplan
  • Animal Friends
  • InsureandGo
  • Legal & General
  • Royal London
  • NFU Mutuak
  • Beagle Street
  • Munich Re
  • Alibaba Ping An
  • apparent
  • Hippo
  • Root
  • Confused.com
  • GoCompare
  • Facebook
  • LinkedIn
  • Twitter
  • Defaqto
  • reevoo
  • WeChat
  • MetLife
  • Pacific Insurers
  • Taikang Life Insurance
  • Jubilee Insurance
  • WhatsApp
  • Bharti AXA
  • eBay
  • Fubon Property & Casualty
  • The Co-operative
  • AIG Life
  • yulife
  • Swiss Re