Amazon’s next big insurance move
AmzGCC2018-06-05T18:29:16+01:00Amazon’s latest moves suggest that it is looking to crack the insurance market. Most recently, the online behemoth has invested $12m in digital insurance start-up Acko Technologies. Before that, reports circulated that Amazon was seeking to set up a motor MGA with UK partners and was hiring people with insurance skills in London. The industry needs to be prepared for an entrance by Amazon, which could happen within the next 12 to 18 months, according to Altus consulting director of general insurance Mark Andrews. The industry must act Insurers need to be wooing the giant, says Andrews, and proving that [...]