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Insurance Business | 11 May 2017, 10:01 AM Agree 0
The “very, very small” online insurance unit is attracting twice as many customers for industry powerhouse
  • Andrew | 11 May 2017, 11:09 AM Agree 0
    Says it all really.... 'if people can buy paper towel on the internet, why not insurance?'

    Thanks Buffett and co for sending us all back to the dark ages of a pricing house.
    • Onliner | 12 May 2017, 10:07 AM Agree 0
      Anyone who has studied marketing knows that price is always a factor. Most insurers have overly concentrated on price - just look at the ads on TV, buses, internet and you will see how much they "save". If brokers criticise those who push price, is it because they have nothing else to offer? If brokers use placement facilities and act as agents for these facilities and their underwriter(s), they are not brokers - they are agents who have dumbed down the market. You reap what you sow.
  • Bronson | 12 May 2017, 08:42 AM Agree 0
    This should not come as a surprise to anyone in the industry. Disruption is created by removing the 'middle-man' and replacing with the internet. Change is inevitable and focus must be on the 'value' you bring to your client. If your only 'value' is price you will lose....period
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