ET 14:55

Mony Group Shares Drop 13.8% as Tuio Launches ChatGPT-Powered Insurance App

Mony Group, owner of MoneySuperMarket and other price comparison sites, saw its shares fall as high as 13.8% on February 10, 2026, after Spanish firm Tuio launched a ChatGPT-powered insurance price comparison app, Tuio Home. The move intensified fears of AI disruption in the insurance comparison space, sending broader declines in Future PLC (-6.6%) and Admiral (-2.1%). Analysts at RBC note the threat is overstated for the UK, where Mony Group is likely to develop similar capabilities, while US insurers face steeper challenges given less mature comparison markets. The AI app allows users to input property details and receive home insurance quotes, signaling a shift toward AI-driven tools that could erode traditional comparison site traffic.

EditorWong Mei Ling