Web Aggregators- Transforming the insurance sector

- Mar 17, 2016,
- Updated May 3, 2018 6:15 PM IST
Those of us who were adults in the pre-internet times would remember the hassles that one had to go through to purchase an insurance policy which was ideal for them and their loved ones. The hiring of a local insurance agent, his constant visits to the house, the fear of being duped due to a lack of adequate information, all of this could take a toll on one's stress levels.
I mean, with the busy metropolitan lifestyle, who really had the time or the energy to spend on something so extensive and time-taking? Eventually, this would lead to the inevitable. People would finally decide they did not need insurance for something with as unlikely a probability as an accident, or sudden death.
They would get busy, or simply lazy, and keep procrastinating until it was too late. Today, however, things have changed for the better with the boom of the Information Technology sector. Just as everything else has become as quick as the click of a mouse, so has purchasing an insurance policy. Instead of having to hire local insurance agents or go to insurance offices, one can simply access the website of a recognised insurance web aggregator to find out all the necessary related information required by him.
Comparisons of various insurance policies offered by insurance giants in the market have become extremely simple, with all the competing features, costs and coverage displayed on a single screen.
Those of us who were adults in the pre-internet times would remember the hassles that one had to go through to purchase an insurance policy which was ideal for them and their loved ones. The hiring of a local insurance agent, his constant visits to the house, the fear of being duped due to a lack of adequate information, all of this could take a toll on one's stress levels.
I mean, with the busy metropolitan lifestyle, who really had the time or the energy to spend on something so extensive and time-taking? Eventually, this would lead to the inevitable. People would finally decide they did not need insurance for something with as unlikely a probability as an accident, or sudden death.
They would get busy, or simply lazy, and keep procrastinating until it was too late. Today, however, things have changed for the better with the boom of the Information Technology sector. Just as everything else has become as quick as the click of a mouse, so has purchasing an insurance policy. Instead of having to hire local insurance agents or go to insurance offices, one can simply access the website of a recognised insurance web aggregator to find out all the necessary related information required by him.
Comparisons of various insurance policies offered by insurance giants in the market have become extremely simple, with all the competing features, costs and coverage displayed on a single screen.