Consumers shopping around for insurance, says comparison website boss
UK consumers have gone back to shopping around for insurance because prices have risen sharply but cheap deals on energy bills are unlikely to be available this year, according to the boss of price comparison website Moneysupermarket.
In full-year results on Thursday, the company — which earns fees from insurers, banks and other businesses when customers choose them through its site — reported that sales rose more than a fifth in 2022 to £388mn, just short of analyst consensus estimates.
Revenue in its biggest division of insurance rose 8 per cent, with rising prices driving search traffic, the company said.
This story originally appeared on: Financial Times - Author:Ian Smith
