NEW technologies are impacting the insurance industry and several companies in Slovakia now sell insurance policies via the internet or mobiles - along with reporting an increased interest from clients in these channels.

Most often it is short-term travel insurance, compulsory car liability insurance, motor hull insurance and home insurance, insurers say, and rates are usually lower than when buying the same product in a traditional way. But not all insurance policies, especially those which are more complex and adjusted to each client's needs, are suitable for this distribution channel. In general, insurers offer some non-life insurance products online, while other products still require a face-to-face meeting.

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SLOVAKIA: More people buying insurance online