Spain is leading a group of six European countries in the utilization of mobile phones and tablets for insurance purchases.
As carriers here in the U.S. struggle with declining yields from investments due to a prolonged low interest rate environment, they may begin contemplating alternative distribution models that minimize costs and cater to the tech savvy youth. In short, making insurance purchases with a mobile device may be the wave of the future.
Finaccord, the London-based market research and consulting company recently released the finding after conducting an online survey of over 6,000 people from six major European countries. The countries, France; Germany; Italy; Poland; Spain and the UK all had varying results.