HONG KONG, October 26, 2021 / PRNewswire / – Nowcompare.com, the world’s leading expat insurance and financial aggregation website, celebrates 10e anniversary of its launch in Hong Kong in 2011. A step made possible by identifying and acting unilaterally on the market need for lower cost financial services products, higher levels of care and transparent prices within the expatriate community.
As a member of Alliance Group International, one of the leading global and insurance intermediaries, Nowcompare has high negotiating power and can influence the market. This has prompted other vendors to develop expat products that are more transparent to the end user. NowCompare continues to offer the best possible choice of expatriate insurance policies from 98% of the world’s financial lines and private health insurance providers.
Serving 10 million expatriates around the world
The initial offering of private health insurance was quickly followed by life insurance, savings and investment products. In 2018, wellness services (including yoga and counseling) and a job search service for expats were introduced. Today, Nowcompare.com serves more than 10 million expats, providing access to more affordable insurance, financing and wellness services in 189 countries./ Regions.
50 percent of all online insurance sold by aggregators
As stated in Mckinsey & Company’s, “Friends or enemies: The rise of European aggregators and their impact on traditional insurers “, in Europe On their own, in 2018, over 50% of all online insurance was sold through aggregators. Customers use aggregators at the start and end of their buying journey, comparing the market first and then buying the products.
Cherry-Yu, Director of Now Compare, “The phenomenal growth of Nowcompare is the recognition of the quality of the products and services we provide to our expat customers. NowCompare has been the first, and continues to be, the most comprehensive expat financial services aggregator in the world. You could say that Nowcompare .com has revolutionized the global insurance industry by encouraging other insurers to compete on a single platform with more transparency. ”
For more information on NowCompare.com, contact [email protected] or visit www.nowcompare.com
SOURCE Alliance Groupe International