Do Amazon and Google pose a threat to home insurers?

[Insurance Forums Staff]

Insurance Forums Staff submitted a new article

Do Amazon and Google pose a threat to home insurers?

Latest J.D. Power Pulse Survey on insurtech trends reveals 1 in 5 American consumers (and a much higher percentage of Millennials) would switch to a policy offered by a tech giant should they enter the market; 34% of consumers (57% of Millennials) would likely switch to a home insurer offering smart home technology loss and protection options.

Continue reading the Original Article.

 

[EugeneM]

These tech companies are evolving, for the better IMO. For example you can order right off yelp now. Why just provide reviews or search results? Might as well get a piece

 

[InsCommentary]

"These tech companies are evolving, for the better IMO."

In what way?

 

[EugeneM]

Convenience for the end user - in my yelp example I wanted a soup place (Vietnamese pho soup). I found them on yelp and placed my delivery order on the same site. Saved me time. I am sure they made money off of the transaction.Seems like natural progression.

Same with a policy right? People already google insurance all day long why not offer them a quote while they are at it and save them a step?

 

[Gulliver]

Frankly, these companies pose a threat to all of mankind even though I use them both daily. LOL