13th September 2023
Policy Expert, the UK’s leading personal lines InsurTech, has revealed that new policy sales for 2023 passed 300,000 during August as it attracts more customers across both home and motor insurance product lines.
Industry data from the Association of British Insurers(ABI) shows that inflation, extreme weather and other factors have increased insurance premiums across the market over the last year for both home and motor insurance. However, customers have continued to save money by switching to Policy Expert, with 90% of customers saving an average of £91 when moving their insurance from another provider.
Total gross written premium for the first eight months of 2023 have increased 37% year-on-year.
Steve Hardy, executive chair of Policy Expert, comments: “Policy Expert has continued its strong growth trajectory and shown that, despite challenging market conditions, we can continue to attract customers with fairly priced insurance and take care of them so they choose to stay with us.”
Policy Expert Trends(2 articles)