Gocompare.com's CEO On Growth in 2017

The video discusses strategies for business growth in 2017, emphasizing the importance of a strong brand and scalable technology. It explores the impact of the Ogden rate on insurance premiums and consumer behavior, highlighting opportunities for growth. The focus then shifts to conversion strategies, emphasizing the need to reduce hassle for consumers. Finally, the video covers venture capital and innovation, discussing how the company plans to invest in startups and innovative ideas to solve industry challenges.

What are the two main factors that contributed to the company's successful year?

• Government subsidies and tax breaks

• High insurance premiums and low competition

• Increased consumer spending and market expansion

• Strong brand and scalable technology platform

How does the Ogden rate affect consumer behavior in the insurance market?

• It stabilizes the insurance market.

• It decreases the likelihood of consumers switching providers.

• It has no impact on consumer behavior.

• It increases the likelihood of consumers switching providers.

What is the company's primary focus to encourage consumer switching?

• Increasing advertising efforts

• Offering the lowest prices

• Reducing hassle and making the process easy

• Providing loyalty rewards

What is the company's strategy for utilizing its capital?

• Investing in innovative startups and ideas

• Distributing dividends to shareholders

• Investing in existing technology platforms

• Acquiring competitors

What challenge does the company face in the current market?

• Regulatory restrictions

• High evaluation costs and competition for assets

• Lack of consumer interest

• Limited technological capabilities