Insurance switching drives revenue for Ewloe based Moneysupermarket.com
Consumer ‘insurance switching’ has grown Moneysupermarket.com revenue in the three months to September up 18% to £66.8m – in the nine months to September 30th Group revenue stands at nearly £190m – 12% growth.
The company, based in Ewloe say a flattening out of motor insurance premiums is encouraging motorists to compare prices and coverage.
Revenues from credit products, especially credit cards and loans, continue to increase.
Home Services have benefitted from the success of MoneySavingExpert’s Cheap Energy Club and the continued consumer focus on energy prices.
Peter Plumb, CEO of MoneySuperMarket.com, commented:
“This has been another good quarter with trading growth of +18%. In parallel with saving more people more money – we’ve helped 3.7 million customers so far this year – the technology team has launched our pioneering new motor insurance site to a number of customers. We think this is easily the best way for customers to find the policy that best suits them – you can compare features, benefits and exclusions of policies as well as price. We’ll be rolling out the new technology to more customers across our business channels in the months ahead.”
In their words:
Revenue for the period and percentage growth on last year:
Spotted something? Got a story? Send a Facebook Message | A direct message on Twitter | Email: News@Deeside.com