London — Amazon.com 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 US online retail giant into the region’s financial services. Three industry executives said they had held talks with Amazon about the possible launch of a site. One said talks were part of several discussions Amazon is having with insurers. A second said there were no imminent launch plans. While it was not immediately clear what type of insurance would be sold on any Amazon site, home and motor policies are popular sellers on existing UK price comparison sites. "As Amazon becomes a larger part of the home, whether it’s products delivered to the home, security monitoring, or home services like Wi-Fi installation, you can make the case that insurance is the next logical step for this company," said Morningstar analyst RJ Hottovy. The industry sources declined to be named as the talks are confidential. ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.