Insurance Companies Switching to New Strategies in Difficult Times

Released on: October 27, 2008, 9:47 am

Press Release Author: Remarkable Media

Industry: Accounting

Press Release Summary: The Practice of Ditch and Switch Changes to Customer

Press Release Body: Insurance Companies Switching to New Strategies in Difficult Times

The Practice of Ditch and Switch Changes to Customer Retention

Location: October 22, 2008 - Although the insurance industry is rife with companies
that promise low prices on policies, only to increase the amount upon renewal, there
is a small group that is working to change those policies. No Claims Discount
) has discovered that there are numerous smaller companies that are leaving behind
the old "ditch and switch tactics" to focus on serving their customers with better
prices and more coverage.

This is good news for consumers, particularly since it has been estimated by
MoneySupermarket that approximately 75% of consumers will keep their existing
insurance plans, year after year, regardless of how high premium prices go. This is
particularly true of home insurance (
) where premium rates can skyrocket after the first year. Given the state of the
housing market, the news that some companies are working to change the status quo
will certainly be well received by homeowners.

Companies such as More Th>n and Direct Line are combining the power of incentives
with the promise of taking care of their customers by keeping rates low, year after
year. No Claims Discount has been tracking these trends, and provides consumers with
the information they need to have to make a smart decision on home insurance, as
well as all the latest insurance news (

These resources are provided by No Claims Discount as a public service, and they
give consumers the upper hand when it comes to choosing the right insurance policy
to fit their needs.

About the Company: No Claims Discount offers consumers the opportunity to get real
pricing from real insurance companies, without all the hassles. Thousands of
customers have been able to find the right insurance plan thanks to their efforts.
By offering consumers real world information about insurance policies, the site
provides a valuable service that is unmatched by any competitor.

Web Site:

Contact Details: Name: Cary Stuart
Company: Remarkable Media
Phone: 402-322-0225

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