Abstract
Finaccord' s report titled Student Metrics: Banking and Insurance for Students
in the UK is a study about the provision of financial services to the 2.25
million students enrolled in further and higher education in the UK.
Approaching this issue from the broadest possible perspective, this report
investigates the market for current accounts and other banking products held
by students, such as interest-bearing savings deposits, credit cards,
mortgages, personal loans and car finance contracts, in addition to the
specific issue of student debt. Furthermore, among other analyses, the report
quantifies the market shares of leading banks as providers of student accounts
and benchmarks the performance ratings of each as measured by their own
student customers.
In addition, the Student Metrics investigation also casts light on the
under-researched market for insurance bought by students. Indeed, it
quantifies the total sum likely to be spent on insurance by students in 2007,
breaking this down between classic student contents insurance and other types
of insurance bought by this constituency including motor insurance, insurance
for valuable mobile or portable items, sports insurance and travel insurance.
Moreover, among students who have not taken out student contents insurance, it
also investigates the amount that they would be willing to spend on this type
of policy and quantifies the percentage of students who would not acquire this
form of insurance in any circumstances.
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