For anyone looking for a new insurance product, whether it is to provide cover for their health, house or new car, having to navigate their way through the different alternatives can be daunting and confusing.
However, the use of a personal finance comparison website can help to simplify the process by aggregating and listing the choices on a single, user-friendly platform, so customers can compare products and make the right choice.
Rohith Murthy, CEO of the Singapore-headquartered personal finance comparison platform MoneyHero, says it is easy to make the most of such websites to find suitable insurance coverage.
In a Q&A, he also highlights how the growing use of artificial intelligence (AI) technology can enhance the process of buying insurance services.
How does a personal finance comparison platform such as MoneyHero help consumers navigate the current market for insurance services?
Insurance is a protective purchase – something people buy hoping they never have to use. Consumers often underestimate or neglect adequate insurance protection, risking severe financial losses if unexpected events occur.
