Tag: United Kingdom

Google launches auto insurance comparison service

S.Vagus
tablet ipad mobile wallet google insurance news

New service aims to help users compare auto insurance quotes Google has launched a new service that may help it break into the auto insurance sector. The service is called Google Compare for Auto Insurance and will allow users to compare insurance quotes offered by 14 different coverage providers. Google’s new service is restricted to California currently, but the company may expand the service if it proves successful and popular enough among consumers. If successful, the Google Compare for Auto Insurance service could be a disruptor for the auto insurance…

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Google may break into the US auto insurance market

S.Vagus
google tablet ipad auto insurance

Analysts suggest that Google could launch a new insurance comparison service in the US Google may soon be offering auto insurance coverage in the United States, according to analysts with Forrester Research. Analysts predict that Google will soon launch its Google Compare service, which is designed to be an auto insurance comparison shopping platform. This platform would allow consumers to search for insurance coverage offered by numerous companies and find the policies that best suit their needs. While Google will not be offering coverage itself, it could soon become a…

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Report highlights dropping prices throughout the insurance industry

Marc
Cyber Insurance Coverage

Marsh released report denoting the decline in global insurance prices Marsh, a leading insurance broker, has released a new report concerning falling insurance prices throughout the world. The report shows that global insurance prices have fallen by 2.8% year-on-year in the third quarter, which is the sixth consecutive quarter in which price declines have been recorded. Notably, insurance prices in Latin American have fallen more than in any other part of the world. This ongoing trend will have some impact on the insurance industry as a whole. Prices are falling…

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Trust in the insurance industry is falling in the UK

S.Vagus
UK cyber Insurance industry News united kingdom

Survey shows that UK consumers have little trust in their insurance providers Ernst & Young, a leading professional services firm, has released the results of its latest EY Global survey. The survey is focused on gauging the trust that consumers have in their insurance providers. According to the survey, which is comprised of information from 30 countries, the vast majority of insurance customers have below average trust in insurers. Trust has been an ongoing issue for the insurance industry, which has not been easily to overcome. Approximately only 7% of…

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UK homeowners insurance market may see its profitability streak end in 2015

Nordstrom
UK Flood homeowners insurance program

Natural disasters are taking a heavy toll on homeowners insurance companies in the United Kingdom The cost of homeowners insurance may be falling in the United Kingdom, and this could be bad news for insurance companies. Insurers in the UK have been profitable since 2007, but increasingly frequent natural disasters, particularly floods, are beginning to place insurance companies under significant financial pressure. In 2007, floods alone cost the insurance industry more than $1.5 billion in losses. By next year, the costs that insurance companies see are expected to surpass the…

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