Here’s another interesting article from Itproportal titled:  Amazon thinks about relocation right into UK financial services

Amazon is reportedly in talks with Europe’s leading insurance firms with the hope that they would contribute products to a UK price comparison website.

Inning accordance with Reuters , industry execs held talks with the US shopping giant concerning the feasible launch of a website.

However, at this time it is unclear as to just what type of insurance coverage Amazon would certainly be selling but house and motor policies are rather preferred sellers on various other UK price comparison websites. The firm’s advanced modern technology, large reach and also loyal consumer base might help it tackle existing UK sites.

Currently comparethemarket.com, which provides items from AXA, Hastings and also eSure, and GoCompare which notes insurance coverage from Santander and also LV are both largest cost contrast websites in the UK.

By launching a UK insurance site, Amazon.com would certainly build on its existing Amazon Protect service that supplies expansions to suppliers’ warranties.

Insurance providers may want to offer up several of their premiums to the shopping firm in an initiative to broaden sales while others may be switched off by the reality that premiums could be reduced as an outcome of enhanced competitors.

Amazon.com’s opponent, Google introduced its very own economic contrasts website in the UK and United States back in 2016 but the site was closed down due to reduced traffic after only a year.

Talks with insurance policy firms are simply the initial phase and also we will likely discover more if Amazon does determined to go through with releasing its own UK rate contrast website.

Photo Credit Score: Ken Wolter/ Shutterstock

 

 

 

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