One in 10 consumers trust insurance providers

Price determined as key loyalty factor

Hemma Visavadia
clock • 2 min read

Consumers have low levels of loyalty and trust for insurance providers, with pricing becoming a key factor during the cost of living crisis, according to research from Ello Group.

A survey of 1,000 consumers showed only 13% of consumers trust their current preferred life, health, care or home insurance provider. The research found that 8% of respondents have been loyal to their insurer for more than three years, while 42% of those surveyed have looked elsewhere for life and health insurance. When asked what would improve trust in insurers, one in five (17%) respondents said absorbing some of the financial burdens caused by the cost of living crisis would help. Meanwhile, 16% of surveyed consumers said it would be helpful for providers to offer discounts at r...

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

Royal London appoints group chief risk officer

Royal London appoints group chief risk officer

James McCourt to retire

Jaskeet Briah
clock 12 August 2026 • 1 min read
Over 450 professionals achieve CII Chartered status in H1 2026

Over 450 professionals achieve CII Chartered status in H1 2026

195 gained Chartered designations across insurance

Jaskeet Briah
clock 12 August 2026 • 1 min read
Nick Tait appointed as MD of Denplan

Nick Tait appointed as MD of Denplan

Joins from NVS Group

Cameron Roberts
clock 10 August 2026 • 1 min read