Europe: Mobile phone insurance

A graphic depicting mobile phone software

Has the Fincial Conduct Authority's review into the mobile phone insurance industry gone unnoticed, both in the UK and across the continent?

 


Research has found 79% of adult smartphone users have their phones with them for 22 hours a day and that 80% of users check their phones within 15 minutes of waking up, according to a report by

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Lack of trust in telematics hampering potential

After a survey found only 8% of respondents had received any communication from insurers about adopting telematics-based insurance to help reduce premiums, Fairer Finance’s James Daley said “telematics still doesn’t seem to be fulfilling its potential”.

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