Introduction
Advertising and marketing is a highly competitive in personal general insurance industry. While developing the right ‘marketing mix' is highly dependent on obtaining the most up to date competitor and market data. This brief analyzes the marketing spend of the top personal general insurance advertisers in 2007, focusing on trends in product line, media preference and strategy.
Scope
Analyses the distribution of the marketing budgets by media for the top 10 personal general insurance advertisers in 2007
Discussion of key issues and trends currently affecting the marketing of personal lines insurance
Market data on the size of motor and household insurance marketing outlay for the top advertisers in 2007
Report Highlights
In 2007, television and direct mail remained the most utilized forms of advertising among the ten largest motor insurance advertisers. On average, the top 10 motor insurance advertisers spent around £11.3m in total on marketing and advertising campaigns.
A number of insurance providers placed a high emphasis on low price within their marketing campaigns in 2007, including well known brands such as Swinton, Direct Line, Churchill and Norwich Union.
Reasons to Purchase
Understand key issues and trends in the marketing of personal insurance to enhance your advertising campaigns
Benchmark your advertising strategy against the top competitor's spend by product line and media