Online Info Directory - Online Money Making Forum

I have worked for a few major high street insurers, and they have all been featured on price comparison web sites, but we just underwrite the business for them, so basically, if someone takes out one of our policies through a price comparison site, we don't have any dealings with that customer. The business stays with the comparison site who administer it from start to finish and handle any claims. All we do is let them use our name, our policies and our stationery. We get paid commission on what they sell, but that is the only involvement we have with those customers. If the customer phones us or writes to us, we have to direct them back to the price comparison site as we can't even access their records.

That has been the case with all the insurers I have worked for, so aside from building a web site, you would need to negotiate contracts with the insurers you want to sell for, employ staff who are trained in insurance and insurance law to administer the paperwork, and have quite a bit of cash put aside to pay out all the claims.

That's why a lot of these price comparison web sites are bankrolled by major companies as it is an expensive business to start from scratch.