In 2021, GlobalData's survey, "any energy provider" topped the list of alternative providers from which customers had purchased, or would purchase, home insurance. In 2022, however, energy providers saw the largest drop in interest among all alternative insurers. (Credit: A_stockphoto/Shutterstock.com)
U.K. insurance customers showed declining interest in alternative home insurance options in 2022 compared to the previous year, according to GlobalData's 2022 U.K. Insurance Consumer Survey. Big tech, energy and communications players have long posed a threat to traditional insurance carriers should they chose to enter the space, but a drop in interest in purchasing insurance from these companies may signal declining trust from consumers.
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
