The marketplace has announced its intentions to begin selling to small- and medium-sized companies. Amazon.com Inc. has announced that it will begin selling business insurance to small- and medium-sized companies in the United Kingdom. This represents the first step the tech giant has taken into that market in the UK. The business insurance coverage will become available to members of Amazon’s Business Prime program. Those members will be able to purchase policies from Superscript that will include coverage such as contents, professional indemnity, and cyber. According to a spokesperson from…
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Amazon auto insurance is now available for drivers in India
The company has started selling coverage for two- and four-wheelers driven in the country. Amazon auto insurance has now rolled out in India, marking the first time the retail and tech giant has stepped into the global financial services category. The e-commerce company confirmed solidifying a deal with Acko General Insurance from Mumbai. The Amazon auto insurance sales are underwritten by Acko General Insurance and are available to car drivers and motorcycle riders in the country. Amazon is also an investor in that insurer. Amazon Pay chief executive and director…
Read MoreTravelers insurance discounts added after purchase of home policies over Amazon
The insurer has opened a storefront on the website’s marketplace, said a company announcement. Policyholders seeking Travelers insurance discounts may be able to find them by shopping on Amazon. The insurance company has created a digital storefront that has become the first of its kind on the electronic marketplace. The homeowners insurance policies will use smart home technology to help monitor houses. “Smart home technology is making it easier for all of us to monitor our homes and help protect us from some of the most common causes of damage,”…
Read MoreAmazon insurance policies to begin selling in India
The most successful online retailer in the world is to start sales in the largest market on the globe. Amazon insurance policies, including life, health and general coverage, will soon be heading to India. The massive online marketplace plans to begin selling policies in this largest country in the world, by population. The goal of the insurance policy sales is to boost Amazon’s Indian financial service portfolio. The Amazon insurance policies will be sold as the company “aims to carry out the business of soliciting, procuring and servicing insurance as…
Read MoreInsurance industry may face new competition from Google and Amazon
Google and Amazon may be looking to break into the insurance market The insurance industry may be facing new competition in the next few years from some unexpected rivals. Google and Amazon are beginning to look into the insurance sector, seeing significant promise therein. Consumers throughout the world are beginning to trust large technology and commerce companies with various services. As this trust grows, these companies are beginning to find new ways to engage consumers and offer them products that are in high demand. New competition in the insurance industry…
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