United Kingdom (UK) Insurance Aggregators Market Share, Trends and Analysis by Line of Business, Competitor Profiles and Marketing Strategies, 2023 Update

1.1 Market overview
1.2 Key findings
1.3 Critical success factors

2.1 Aggregators are an important channel for the distribution of insurance policies
2.2 PCWs need to innovate amid FCA pricing rules
2.3 The cost-of-living crisis is affecting the aggregator market
2.4 The majority of consumers choose a PCW because they have used it before
2.5 Consumers increasingly used PCWs to conduct research across all four non-life products in 2022
2.6 Six of the seven lines saw their conversion rate decline
2.7 Motor and home insurance experienced a decrease in the number of respondents who switched

3.1 Non-life insurance products on PCWs
3.2 Life insurance products on PCWs

4.1 Compare the Market is the leading PCW
4.2 Competitor profiles

5.1 Amazon launches UK insurance comparison site
5.2 Honcho's failure demonstrates the dominance of the UK’s top four aggregators

6.1 Abbreviations and acronyms
6.2 Definitions
6.3 Methodology
6.4 Secondary sources
6.5 Further reading

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Figure 1: PCWs are more frequently used for non-life insurance than life insurance
Figure 2: Inflation peaked in October 2022 at 11.1%
Figure 3: Most customers choose a PCW because they have used the site before
Figure 4: Consumers are increasingly using PCWs to conduct research amid the cost-of-living crisis
Figure 5: Conversion rates decreased for six out of the seven products in 2022
Figure 6: The proportion of people who switched within the motor and home lines decreased in 2022
Figure 7: Over half of customer switches in the home and motor lines came through PCWs in 2022
Figure 8: Compare the Market offer the most expensive quotes for motor insurance
Figure 9: The impact of FCA regulation is clear as there is less price variation across PCWs
Figure 10: Policy Expert provides the cheapest home insurance quote on three out of four sites
Figure 11: There is greater disparity between home insurance quotes from the four leading PCWs in 2023
Figure 12: Compare the Market provide the most expensive quotes for travel insurance
Figure 13: Variation in prices across the four leading PCWs
Figure 14: Legal & General offers the cheapest quote across three of the four PCWs
Figure 15: Choozi provided the most expensive quotes across the six sites
Figure 16: Zurich offers the cheapest quote for term assurance with critical illness cover
Figure 17: HSBC provides the cheapest quote on Choozi for term assurance (level) with critical illness cover
Figure 18: Compare the Market remains the most frequently used PCW for non-life products
Figure 19: Compare the Market is the most frequently used PCW for life products