Tesco is expanding on the insurance market

Tesco is expanding its financial product line with life insurances – announced the supermarket chain in Great-Britain.

Tesco has already gained experiences in the field of car insurance, but now plans to expand its product line of insurance with life insurance, and wants to gain its market share in housing, passenger and pet insurance.

According to Michael Lafferty, chairman of Lafferty Group dealing with retail financial research; Tesco is stepping towards the right direction in the financial sector, although there may be difficulties with the expansion, in short terms – reports portfolio.hu.