Slice of the pie

Growing the market vs market share

Cameron Roberts
clock • 6 min read

Cameron Roberts, editor, COVER, uncovers the difficulties in growing the protection and health market and the impact of a market share centric status quo on consumers.

Being relatively new to protection, viewing statistics from the industry, it puzzled me why market share was a measure of success in comparison to growing the market. Having asked many people as to why this is, several will wax lyrical about the difficulties of expanding the market, many with tales of previous attempts at ad campaigns doomed to the footnotes of history. I spoke to Tom Baigrie, chair, LifeSearch; Kevin Carr, MD, Carr Consulting; and Karla Edwards, director, The Protection Parent, about how the value chain can grow the customer base and what impact a focus on market sha...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

MetLife UK paid 27,000 claims in 2024

MetLife UK paid 27,000 claims in 2024

£27 million paid out

Cameron Roberts
clock 23 January 2025 • 1 min read
Cirencester Friendly partners with Medi2data

Cirencester Friendly partners with Medi2data

Underwriting and claims partnership

Jaskeet Briah
clock 23 January 2025 • 1 min read
BHSF launches first health and wellbeing plan

BHSF launches first health and wellbeing plan

No utilisation cap on GP consultations

Jaskeet Briah
clock 23 January 2025 • 3 min read