Table of Contents
1. EXECUTIVE SUMMARY 3
1.1. Aggregators remain relevant despite a decline in footprint 3
1.2. Key findings 3
1.3. Critical success factors 3
2. THE AGGREGATOR MARKET 9
2.1. Introduction 9
2.1.1. Defining aggregators and their purpose 9
3. CHANNEL IMPACT 10
3.1. Mapping the aggregator customer 10
3.1.1. Aggregator influence is tailing off despite signs of growth 10
3.1.2. Continued growth of the direct channel indicates reduced aggregator usage 11
3.1.3. Aggregators are progressing despite a decline in distribution share 12
3.2. Aggregator use is primarily decided on familiarity 15
3.2.1. Customers remain loyal to an aggregator they are familiar with 15
3.2.2. Customer acquisition for smaller and newer comparison sites is a mountain to climb 15
3.2.3. Price is essential to influencing customer purchases on aggregators 17
3.2.4. Almost two thirds of consumers do not look past the top five quotes on an aggregator 18
4. THE OVERALL PICTURE OF THE FOUR MAIN PROVIDERS 20
4.1. Aggregators need to vary their approach to the market 20
4.1.1. Comparethemarket.com and Moneysupermarket.com are the most dominant 20
4.1.2. Confused.com offers consumers the cheapest average premium price 21
4.2. Comparethemarket.com’s revenues hit record heights 22
4.2.1. Comparethemarket.com enjoys record half-year sales 22
4.2.2. Comparethemarket.com focuses on the characterization of the brand 22
4.3. Moneysupermarket.com reports strong insurance growth 23
4.3.1. Moneysupermarket.com recorded a strong financial performance in 2016 23
4.3.2. New investment in consumer tech aims to create more business opportunities 23
4.3.3. Moneysupermarket.com announces new GP partnership with Thomas Cook 24
4.3.4. Moneysupermarket.com’s television ads have not been well received 26
4.4. Confused.com benefits from increased market competition and a refreshed advertising strategy 26
4.4.1. A competitive car market has helped improve Confused.com’s financial performance 26
4.4.2. Confused.com has benefited from an increase in car sales and insurance premiums 27
4.4.3. Confused.com looks to revive its ad campaigns with the use of James Corden 27
4.5. Gocompare.com profits jump after Gio Compario reintroduction 28
4.5.1. Gocompare.com reports higher revenues and an increase in customer interactions 28
4.5.2. The return of Gio Compario sparks renewed interest in the site 29
5. MARKETING AND PROMOTIONAL ACTIVITY 30
5.1. Aggregators are seeing the effects of their advertising waver 30
5.1.1. The main four providers are seeing a decrease in web traffic 30
5.1.2. Total advertising expenditure fluctuates across the four main providers 31
5.1.3. Aggregator advertising has more of a positive impact on consumers 32
5.1.4. Comparethemarket.com has moved away from television advertising 33
5.1.5. Moneysupermarket.com continues to favor television adverting 34
5.1.6. 2016 saw Gocompare.com significantly reduce its advertising expenditure 35
5.1.7. Confused.com is seeking to drive brand awareness more than specific products 36
6. THE MARKET GOING FORWARD 38
6.1. Technology encourages window shopping in the aggregator space 38
6.1.1. Consumers often fail to follow through with a purchase on an aggregator platform 38
6.1.2. Aggregators can utilize connections to customer data to improve convenience 38
6.1.3. New digital insurance players set an example, offering more customer empowerment 40
6.1.4. Brolly's AI advisory model has potential for the aggregator market 41
6.1.5. PolicyGenius shows how to provide consumers with a more personal touch 41
6.2. Regulation seeks to improve aggregator competition 42
6.2.1. CMA renews investigation into insurance aggregator conflicts 42
6.2.2. A revamp of the initial application procedure could help mitigate underinsurance 43
7. APPENDIX 44
7.1. Abbreviations and acronyms 44
7.2. Definitions 44
7.2.1. Home insurance 44
7.2.2. Pet insurance 44
7.3. Methodology 44
7.3.1. Primary sources 44
7.3.2. Secondary sources 45
7.4. Further reading 45

List of Tables
Table 1: Familiarity and cheap prices are the top two reasons for using an aggregator 17
Table 2: Annual average motor insurance premium 23

List of Figures
Figure 1: The use of aggregators to research insurance products is declining 11
Figure 2: The proportion of switchers using an aggregator is declining across motor and home insurance 13
Figure 3: Consumers switching at the end of a policy is rising for all but pet insurance 14
Figure 4: Customers are more inclined to opt for an aggregator they have previously used 16
Figure 5: Price is the most influential factor in personal lines when selecting an insurance policy on an aggregator 18
Figure 6: Customers typically select policies close to the top of the list on a price comparison site 19
Figure 7: Comparethemarket.com and Moneysupermarket.com lead the way in the aggregator space 20
Figure 8: Confused.com offers the cheapest average price within its top 10 quotes for an average driver 21
Figure 9: Moneysupermarket.com’s GO app aims to provide easy switching and comparative services to mobile customers 24
Figure 10: The Now GP mobile health platform connects patients with qualified GPs via remote video call 25
Figure 11: Motor insurance is the focal point on Confused.com 28
Figure 12: Moneysupermarket.com has the most UK web traffic of the main four providers in 2017 thus far 30
Figure 13: Total advertising expenditure continues to fluctuate for the main price comparison sites 32
Figure 14: Marketing campaigns are more effective for the main four providers in comparison to the smaller 33
Figure 15: Comparethemarket.com has reduced expenditure on television campaigns in favor of cheaper alternatives 34
Figure 16: Television is Moneysupermarket.com’s preferred marketing channel 35
Figure 17: Gocompare.com pulled back on its advertising expenditure in 2016 36
Figure 18: Recent years have seen Confused.com steadily increase its advertising spend 37
Figure 19: MyLicence can help aggregators better validate customers while also combatting application fraud 39
Figure 20: Digital Fineprint illustrates new elements comparison sites could leverage from social media linkage 40