Direct Line launches online brokerage
Wednesday 01 September 1999
Directline.com will operate for 24 hours of every day. Direct Line claims that by substantially reducing the amount of information that users are asked to provide, it has been able to cut to 2 minutes the 10 to 15 minutes needed to get cover from existing Internet insurance services.
Ian Chippendale, the group chief executive, said yesterday he expects that by the year 2003, 15 per cent of motor insurance will be bought over the Internet, 70 per cent by telephone and only 15 per cent in branches.
"Direct Line's new website will irreversibly alter the insurance market in the same way as Direct Line shook up the traditional players 15 years ago," he said.
The launch of Directline.com follows yesterday's announcement by Donaldson, Lufkin & Jenrette, the New York-listed brokerage, of a research- based Internet stockbroking service for private clients in the UK.
The service, DLJdirect.co.uk, is modelled on the US online stockbroking service which the firm launched 10 years ago. Unlike execution-only online services like Charles Schwab, DLJ aims to provide up-to-date market and company data, and broker forecasts and analysis.
- 1 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 2 UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Warriors in ancient Iraq suffered Post-Traumatic Stress Disorder more than 3,000 years ago, say researchers
- 5 This crazy skiing video will leave you feeling queasy
Paris attacks: Do not call Charlie Hebdo killers 'terrorists', BBC says
Rowan Atkinson to sell £10 million McLaren 'supercar' he crashed into a tree and a lamppost
UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Warriors in ancient Iraq suffered Post-Traumatic Stress Disorder more than 3,000 years ago, say researchers
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
British Muslim school children suffering a backlash of abuse following Paris attacks
Greece elections: Syriza and EU on collision course after election win for left-wing party
iJobs Money & Business
£30000 - £32000 per annum + benefits : Ashdown Group: A highly successful, int...
£18000 - £20000 per annum: Recruitment Genius: This rapidly expanding business...
£25 - 28k + Bonus: Guru Careers: An In-house / Internal Recruiter is needed to...
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...