Why cutting instalment costs could be a win-win for insurers
As paying for home and motor insurance in instalments shift from a convenience to a necessity, Ian Hughes, CEO of Consumer Intelligence, insists fairer pricing could turn a regulatory requirement into a powerful growth strategy for providers.
There’s a long-held belief in insurance that charging more for instalments helps recover margin lost elsewhere but new data – and old experience – suggest it might be time to rethink that assumption.
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