Amazon trend sees tech companies move insurance services in-house
Insurance Business America | November 01, 2019
An emerging trend sees tech companies becoming in-house insurers for their workforces – a strategy that analysts say should be concerning for traditional insurance companies. Amazon recently became the latest member of Big Tech to bypass traditional insurers by trialling an in-house insurance and health benefit scheme called Amazon Care. The scheme will include virtual and actual care through apps, chat facilities, remote videos, and follow-up visits. Ben Carey-Evans, insurance analyst at GlobalData, said that there are many benefits to moving insurance services in-house.