Online Insurances are Now Booming Throughout All of Europe

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• Publié par: mount-onyx-gmbh
• Nombre de lectures: 5
• Langue: English

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Online Insurances are Now Booming Throughout All of Europe PR Newswire VIENNA, June 18, 2012

VIENNA,June 18, 2012/PRNewswire/ --  MOUNT ONYX, in cooperation with the UNIVERSITY ofViennaand TCI Consult, is publishing the new executive highlights of the first and most comprehensive analysis about direct & low-cost insurance inEuropeCTICEever. The "BEST PRA REPORT" http://www.mountonyx.com/best_practice_report.pdf presents the major 200 insurers with direct channels in 30 Western & Eastern European countries. The study provides a first complete overview about direct channel markets & trends and the latest best-in-class strategies and tools. Today, direct & low-cost insurance, offered mainly online and by phone, is responsible for80 billion EURrevenues (gross written premiums) in non-life & life business inEurope. It is the fastest growing business model with a four times higher average growth rate per country vs. the total market (2000-2010). Especially in bigger Western European countries, the market pressure by online insurances is constantly increasing. Online channels are now starting their successful business also in the rest ofEurope. For the next 10 years, the core market potential is estimated to represent an incremental premium volume of44 billion EURinEurope. Dr. Johannes Ospald, Managing Partner of MOUNT ONYX: "We have identified 25 growth & cost-driven direct channel key success factors and many innovative best practices & facts. Whatever the current business model or country, the results create immediate practical use for all companies in the financial services sector inEurope." Dr. Jörg Finsinger, Chair of Financial Services, UNIVERSITY ofVienna: "Direct insurance will supplement traditional channels, not replace them. To achieve above-average growth & profit, executives need to look into the future and to think incrementally. This report offers high scientific and practical value at a very fair price." Information downloads and orders at http://www.mountonyx.com. Contact: Dr. Johannes Ospald Tel.: [phone] E-Mail: [e-mail]