Amazon insurance News

Amazon Pulls Plug on UK Home Insurance Venture

Amazon has pulled the plug on its UK home insurance venture โ€“ a comparison website โ€“ after launching in October 2022. “Over the last year, we have been evaluating various businesses and programs, and as a part of that we’ve …

Update: Amazon Launches Home Insurance Comparison Website for UK Customers

Amazon.com Inc. is launching a home insurance portal in Britain and has signed up three big-name insurers as it pushes further into financial services across the globe. Ageas UK, Co-op, and LV= General Insurance, a unit of German insurer Allianz, …

Amazon to Offer Insurance to Small and Medium-Sized UK Businesses: Broker

Amazon.com Inc is to start offering insurance to small and medium-sized UK business customers, the technology giant’s first foray into business insurance in the country, broker Superscript said on Monday. Members of Amazon’s Business Prime program will be able to …

Marsh Brokers New Amazon Insurance Network Offering Coverage to Online Sellers

Insurance broker Marsh said it has collaborated with Amazon to build a new digital insurance network, Amazon Insurance Accelerator, where small businesses selling on Amazon can purchase product liability coverage. Amazon now requires third-party sellers to obtain product liability coverage …

Amazon Will Pay Shoppers’ Product Claims Up to $1,000

Amazon.com Inc. on Tuesday said it would pay customers who suffer injuries or property damage from defective goods others sell on its U.S. platform, in a new policy that could reduce litigation. For years, consumers have sued the world’s largest …

Amazon-Backed India Insurer Startup Eyes Funding Round that Could Create $1B Value

Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than $1 billion, according to people familiar with matter. The Amazon.com Inc.-backed startup is looking to raise about $200 million in …

With Insurance and Gold, Amazon’s Pushing to Make India Its Fintech Center

NEW DELHI/MUMBAI โ€” Amazon.com Inc. has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty program in a battleground growth market. The push …

Why Insurers Should Love, Not Fear, Amazon: Viewpoint

Whenever Amazon.com Inc. eyes expansion into a new industry, the stalwarts of that space shudder. A Reuters report on Thursday that the e-commerce giant has been talking to insurers about introducing a price comparison website in the U.K. was no …

Amazon Weighs Formation of UK Insurance Comparison Website: Reuters

Amazon.com Inc is sounding out some of Europe’s top insurance firms to see if they would contribute products to a UK price comparison website in what would be a major foray by the U.S. online retail giant into the region’s …

No Reason for Insurer Panic Over Amazon… Yet

As the largest U.S. insurers gathered at the Marriott Marquis hotel in Times Square to discuss the prospects for their industry, a threat to that future emerged from the nation’s other coast. Amazon.com Inc., the e-commerce behemoth, is reportedly considering …