18 June 2018
Visit www.gemalto.com

Zurich launches ‘selfie’ app and FaceQuote to encourage financial planning

21 November 2017  |  2830 views  |  0 Source: Zurich

Leading insurer Zurich has today launched a ‘selfie’ app called FaceQuote to urge more people to think about and engage with their finances.

FaceQuote guestimates a user’s age before calculating how much life cover would cost per month based on the age suggested*. The app has been launched to encourage people to engage with life insurance and show how affordable life cover can be.

Recent research by Zurich found that a quarter of people said they didn’t have life or critical illness cover because it was too expensive and nearly a third (30%) said they didn’t feel it was relevant.

When asked how much they thought life insurance would cost for a healthy 40 year old, 14% thought more than £40 per month, when in reality cover is available for a fraction of that amount at just £8.**

FaceQuote is the latest tool developed by Zurich as it seeks to offer more customers new ways to engage with and manage their finances.

Chris Atkinson, Head of Consumer Distribution said, “Technology has a huge role to play in allowing us to connect with a wider audience and give more people confidence in making financial decisions but also inspiring and enabling them to take control and put proper plans in place.

“We know that many people prefer not to think about what will happen to them or their dependents if they become ill or were to die. So we’ve tried to approach these issues through gamification, in a fun and engaging way in the hope that some people will be nudged into action. Our own research shows that people are put off from buying life cover because they think it is unaffordable and perhaps a luxury and so our selfie app has been designed to help challenge that view.”

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit www.aciworldwide.comVisit https://secure.vasco.comVisit https://info.nice.com/

Who is commenting?

A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: Monzo launches bill tr...
A Finextra member Finextra Member Commented on: NatWest taps Open Bank...
A Finextra member Finextra Member Commented on: HSBC promises $17bn in...

Top topics

Most viewed Most shared
10,000 jobs could be lost to robots says Citi10,000 jobs could be lost to robots says C...
48545 views comments | 44 tweets | 35 linkedin
Ripple exec says DLT not ready for banks...yetRipple exec says DLT not ready for banks.....
10135 views comments | 9 tweets | 32 linkedin
UK launches £2.5bn startup initiativeUK launches £2.5bn startup initiative
9236 views comments | 30 tweets | 26 linkedin
HSBC promises $17bn investment in technologyHSBC promises $17bn investment in technolo...
8153 views comments | 8 tweets | 21 linkedin
NatWest taps Open Banking for cardless online paymentsNatWest taps Open Banking for cardless onl...
7996 views 11 comments | 12 tweets | 12 linkedin

Featured job

Six-Figure Base + OTE + Benefits
London, UK

Find your next job