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Consumers turning to the internet to compare property insurance quotes
12 Jan 2012
Consumers and property owners are increasingly turning to the internet in order to acquire property insurance, according to a survey from price comparison site moneysupermarket.com.
The survey, released by the company yesterday, said that it expected a 20 per cent surge in annual revenues for the market, reaching a final figure of £178 million, showing the industry is still in rude health.
MoneySupermarket cited increased levels of marketing spending as the reason behind the surge to get online and compare property insurance quotes, with they themselves investing in new advertising ranges.
Profits before exceptionals, according to the Independent, are set to hit £49.5 million in the year leading up to February, up from £41 million in the previous year.
Also, analysts at Credit Suisse noted that the fourth quarter of the year was stronger than all of the previous three months with sales doing well over the Christmas and New Year period.
Posted by Dan Winters
