Swiss Re’s survey of 11,000 respondents worldwide finds online insurance purchases increase as consumers become increasingly concerned with their health and financial security since the COVID-19 pandemic.
The COVID-19 pandemic has pushed consumers to seek out more regular health checks, with 46% of respondents in emerging markets saying that they plan to attend check-ups more frequently….
Additionally, 40% of respondents expressed concerns regarding the adequacy of their existing insurance coverage. Among those aged 40 and below, 54% said they’ve done research on new or additional policies in the six months prior to taking the survey.
In taking on insurance, consumers also showed a preference for digital solutions. Online insurance has gained particular traction among the younger generation, with respondents saying that they prefer the affordability and convenience of online processing, as well as the flexibility to customise coverage plans.
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