Boston, February 25, 2016 – U.S. consumers usually choose insurance from a limited set of options presented by local agents. But as consumers have become more accustomed to transparent purchases, they have begun to expect the same from financial services—even insurance. Meanwhile, nontraditional channels are working hard to disrupt insurance distribution. What threats do they represent, and how can brick-and-mortar agencies keep up?
This research examines the elements involved in insurance purchase changes, including the providers offering a new insurance purchase experience and the technology driving these changes. It profiles Assurestart, AutoInsurance.com, Bolt, Compare.com, Coverhound, Embroker, Esurance, Goji, Google Compare, Hiscox USA, Insureon, Insurify, Metromile, and The Zebra and projects the opportunity available to them. This report also mentions BizInsure and Insuritas.
This 51-page Impact Report contains 13 figures and two tables. Clients of Aite Group’s P&C Insurance service can download this report.