Insurancewide

Insurancewide's InsuranceWizard provides a fast, independent easy-to-use way to compare insurers in the UK. The system does not simply focus on comparing prices although it is designed to consider price as a major factor. Among the insurances offered by Insurancewide are:

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• Motor: Car, high-performance/classic/specialist car, commercial (van/lorry/taxi/minibus).
• Property: Buildings and contents, high value home insurance, shared/rented accommodation insurance, domestic appliances, computer.
• Travel: Single/multi-trip, seniors, group, long-stay, business, golfing, skiing, hazardous sports, same-sex, backpacking/adventure, pregnant women.
• Pet: Cat & dog, horse, rabbit. Bird.
• Wedding, boat, golfing (equipment and liability), mobile phone, musical instruments, camera.

The company has trading agreements in place with 95% of the UK online insurance market and access to 98% of the online motor insurance market. Insurancewide is the only aggregator to have unique access to a number of recognized brands such as Direct Line, Churchill, Elephant.co.uk, Esure and the direct brand of Norwich Union.

The InsuranceWizard identifies individual requirements and then searches amongst all the major UK providers to match customers with the insurers most relevant to their specific needs.

No insurer can buy their way to 'top spot' on Insurancewide. Insurers are matched to customers based on the relevance of their product, not the size of their marketing budget.

The system takes into account that price is not the driving force for many consumers, for whom service and long-term relationships (e.g. claims behaviour) are just as important.

Three elements make up the Insurancewide method of insurance comparison:

• the insurer's relevance to customer needs;
• the price which is influenced by underwriters' risk factors and loadings;
• the success rates achieved by insurers when dealing with similar customer profiles.

 

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Last updated February 2008

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