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CompareTheMarket.com Case Study - making the most of viral
marketing
Published on July 2009

                                                                                                       Report Summary

Introduction


This case study on CompareTheMarket.com forms part of Datamonitor's new series highlighting best practice in specific areas of
financial services.


Scope


*This case study analyzes the key successful elements in CompareTheMarket.com's marketing strategy


*The case study examines how the brand has developed to its current status and why it appeals to consumers so strongly


*Datamonitor's Financial Services Megatrend Framework is used to analyze the effectiveness of customer targeting strategies


Highlights


For insurance aggregators, where they are level on price, brand image is everything. Since January 2009, CompareTheMarket.com
has been running one of the most successful marketing campaigns the industry has ever seen. It has proven an immediate success
and looks sure to close the gap between it and the two current market leaders.


Reasons to Purchase


*Gain insight into the methods used by important industry players to give them a competitive edge


*Identify specific areas for operational improvements


*Capitalize on the knowledge of experienced companies when entering a new niche or market




                                                                                                        Table of Content

DATAMONITOR VIEW 1
CATALYST 1
SUMMARY 1
ANALYSIS 2
CompareTheMarket.com: enjoying great success in the insurance comparison 2
Comparethemarket.com entered the aggregator arena in 2006 3
CompareTheMarket.com is the third largest price comparison site in the UK 4


CompareTheMarket.com Case Study - making the most of viral marketing                                                      Page 1/4
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CompareTheMarket.com's innovative marketing campaign captures key consumer Megatrends 8
CompareTheMarket.com is emphasizing the simplicity of its offering through its marketing campaign 8
.com's web design 9
CompareTheMeerkat.com is an excellent foil to the meerkat advertisements 10
Aleksandr Orlov has a presence on social networking sites 10
Insurance aggregators are growing in popularity 12
New entrants will have to compete on price as well as brand image 13
The growth of the aggregator market could be threatened by an FSA clampdown 13
APPENDIX 14
Data Tables 14
Definitions 15
The Datamonitor Financial Services Consumer Insight Megatrend Framework 15
Authenticity 15
Comfort 15
Connectivity 15
Convenience 15
Individualism 15
Wellbeing 15
Demographic Complexity 15
Financial Intelligence Complexity 15
Lifestage Complexity 16
Wealth Complexity 16
Further reading 16
Ask the analyst 16
Datamonitor consulting 16
Disclaimer 17
List of Tables
Table 1: You said that you bought a car insurance policy through a price comparison site. Which price comparison sight was that' 14
Table 2: When your car insurance policy last came up for renewal, did you visit any price comparison sites to obtain quotations' 14
List of Figures
Figure 1: Aleksandr Orlov has become a celebrity 3
Figure 2: A brief history of online insurance aggregation 4
Figure 3: There are five clear leaders in terms of car insurance sales 5
Figure 4: CompareTheMarket.com is challenging Confused.com 6
Figure 5: Adverts are very important in attracting custom 7
Figure 6: CompareTheMarket.com's buzz-word is simple, but effective 9
Figure 7: 443,257 people have become fans of Aleksandr Orlov on Facebook 11
Figure 8: 15,570 people follow Aleksandr Orlov's every move on Twitter 12




CompareTheMarket.com Case Study - making the most of viral marketing                                                          Page 2/4
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CompareTheMarket.com Case Study - making the most of viral marketing

  • 1. Find Industry reports, Company profiles ReportLinker and Market Statistics >> Get this Report Now by email! CompareTheMarket.com Case Study - making the most of viral marketing Published on July 2009 Report Summary Introduction This case study on CompareTheMarket.com forms part of Datamonitor's new series highlighting best practice in specific areas of financial services. Scope *This case study analyzes the key successful elements in CompareTheMarket.com's marketing strategy *The case study examines how the brand has developed to its current status and why it appeals to consumers so strongly *Datamonitor's Financial Services Megatrend Framework is used to analyze the effectiveness of customer targeting strategies Highlights For insurance aggregators, where they are level on price, brand image is everything. Since January 2009, CompareTheMarket.com has been running one of the most successful marketing campaigns the industry has ever seen. It has proven an immediate success and looks sure to close the gap between it and the two current market leaders. Reasons to Purchase *Gain insight into the methods used by important industry players to give them a competitive edge *Identify specific areas for operational improvements *Capitalize on the knowledge of experienced companies when entering a new niche or market Table of Content DATAMONITOR VIEW 1 CATALYST 1 SUMMARY 1 ANALYSIS 2 CompareTheMarket.com: enjoying great success in the insurance comparison 2 Comparethemarket.com entered the aggregator arena in 2006 3 CompareTheMarket.com is the third largest price comparison site in the UK 4 CompareTheMarket.com Case Study - making the most of viral marketing Page 1/4
  • 2. Find Industry reports, Company profiles ReportLinker and Market Statistics CompareTheMarket.com's innovative marketing campaign captures key consumer Megatrends 8 CompareTheMarket.com is emphasizing the simplicity of its offering through its marketing campaign 8 .com's web design 9 CompareTheMeerkat.com is an excellent foil to the meerkat advertisements 10 Aleksandr Orlov has a presence on social networking sites 10 Insurance aggregators are growing in popularity 12 New entrants will have to compete on price as well as brand image 13 The growth of the aggregator market could be threatened by an FSA clampdown 13 APPENDIX 14 Data Tables 14 Definitions 15 The Datamonitor Financial Services Consumer Insight Megatrend Framework 15 Authenticity 15 Comfort 15 Connectivity 15 Convenience 15 Individualism 15 Wellbeing 15 Demographic Complexity 15 Financial Intelligence Complexity 15 Lifestage Complexity 16 Wealth Complexity 16 Further reading 16 Ask the analyst 16 Datamonitor consulting 16 Disclaimer 17 List of Tables Table 1: You said that you bought a car insurance policy through a price comparison site. Which price comparison sight was that' 14 Table 2: When your car insurance policy last came up for renewal, did you visit any price comparison sites to obtain quotations' 14 List of Figures Figure 1: Aleksandr Orlov has become a celebrity 3 Figure 2: A brief history of online insurance aggregation 4 Figure 3: There are five clear leaders in terms of car insurance sales 5 Figure 4: CompareTheMarket.com is challenging Confused.com 6 Figure 5: Adverts are very important in attracting custom 7 Figure 6: CompareTheMarket.com's buzz-word is simple, but effective 9 Figure 7: 443,257 people have become fans of Aleksandr Orlov on Facebook 11 Figure 8: 15,570 people follow Aleksandr Orlov's every move on Twitter 12 CompareTheMarket.com Case Study - making the most of viral marketing Page 2/4
  • 3. Find Industry reports, Company profiles ReportLinker and Market Statistics Fax Order Form To place an order via fax simply print this form, fill in the information below and fax the completed form to: Europe, Middle East and Africa : + 33 4 37 37 15 56 Asia, Oceania and America : + 1 (805) 617 17 93 If you have any questions please visit http://www.reportlinker.com/notify/contact Order Information Please verify that the product information is correct and select the format(s) you require. CompareTheMarket.com Case Study - making the most of viral marketing Product Formats Please select the product formats and the quantity you require. Digital Copy--USD 4 495.00 Quantity: _____ Contact Information Please enter all the information below in BLOCK CAPITALS Title: Mr Mrs Dr Miss Ms Prof First Name: _____________________________ Last Name: __________________________________ Email Address: __________________________________________________________________________ Job Title: __________________________________________________________________________ Organization: __________________________________________________________________________ Address: __________________________________________________________________________ City: __________________________________________________________________________ Postal / Zip Code: __________________________________________________________________________ Country: __________________________________________________________________________ Phone Number: __________________________________________________________________________ Fax Number: __________________________________________________________________________ CompareTheMarket.com Case Study - making the most of viral marketing Page 3/4
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