Good Day, dgster-ga
Searching www.google.com with terms "online insurance" +UK +market, I
found a site which seems to provide the information you need.
A complete list of online insurance companies in the UK is offered at
a site by UK-Insurance. I have clicked on a few of these companies to
discover whether they do, indeed, offer online service, and they do.
For www.chubb.com, I did notice that I had to go to their E-solutions
category. That might be the case with some of these, but the on-line
service appears to be available on the all the companies I entered.
http://uk-insurance.org.uk/ukinsurancelist.html
*****************************************
The next website offers:
"Finance 2002 Report analyzing the current size ... their businesses
in the online insurance ... a
serious competitor in this market ... provides unbiased analysis of
the UK ... "
Looks like a site with much analysis of the online insurance industry,
but it is too expensive as you'll notice. Some of the reports I
clicked wanted $995 for the full report....probably has corporate
purchasers of these articles rather than individuals.
http://www.datamonitor.com/~729fb3fa18d444f19aaa70d7f028d07f~/financial/reports/product_summary.asp?pid=BE_211
*****************************************
The next website offers interesting details in an article titled "The
Future of European Insurance. For example,:
"Can traditional insurance intermediaries repel the familiarthreats of
bancassurance and direct selling, and the emerging threat from
eCommerce"
http://216.239.51.100/search?q=cache:46SGcEB134wC:www.ciilo.org/research/rbi/rbfs0030m.pdf+%22online+insurance%22+%2BUK+%2Bmarket+size&hl=en&ie=UTF-8
********************************************************
Another interesting site that discusses the massive UK insurance
business also mentions online insurance, but no lists:
"online insurance is likely to grow as more and more people become
acclimatised to this method of insurance buying and as the insurers
put in place the necessary technical initiatives. "
"Technologically, there are many changes taking place in the insurance
industry. Online insurance is growing, as IT is becoming increasingly
important and outsourcing is being seen as a sensible option to deal
with the challenges of the market in the future."
"Key Note estimates that the total UK insurance market will grow by
35.3% between 2001 and 2006 and that long-term insurance will grow by
39.8%."
"2001 MARKET LEADERS
Income (£m), 1999
Aegon UK PLC
Provincial Holdings PLC)
Barclays Life Assurance Company Ltd
BUPA Ltd
CGNU PLC
Cornhill Insurance PLC
Credit Suisse First Boston
Direct Line Insurance PLC
Society
GE Insurance Holdings Ltd
Legal & General PLC
Lloyds TSB Group PLC
Society Ltd
Prudential Assurance PLC
Group PLC
Standard Life Assurance Company
Zurich Financial Services "
http://www.the-list.co.uk/acatalog/kn66011.html
******************************************
At the Reuters site, the expansion of ECommerce insurance is
discussed:
"Insurers Are Reaping Benefits of an Emerging Single European
Insurance Market
According to a report produced by Datamonitor for Reuters Business
Insight, The Future of European Insurance, cross border activity is
leading to the emergence of a single European market for insurance.
Key findings* to emerge from the report reveal:
ECommerce in European insurance is set for rapid expansion "
**
Table 1: Evolution of online insurance markets in Europe, 1999
Country
% who have work & home Internet access
% who have requested a quote*
% likely to quote online in future*
Online insurance quote requesting population (000s)
UK
29%
9%
47%
1,224
http://www.mad.co.uk/reports/story/reuters.asp?ID=RE0022
*************************************************
dgster-ga,
This is by no means a long list of websites, but a sample that
provides the kind of information you are seeking.
For an exhausting review of this business, just start a search with:
www.google.com with terms "online insurance" +UK +market,
and you will be overwhelmed with websites and information.
Brad-ga |