For the last decade, the largest technology companies have increasingly looked outside of tech to grow their operations. Now, companies like Apple and Google and Amazon are eyeing innovation across the insurance landscape. [Read More]
Summary… * Machine-Made
To start, let’s look at the reasons why tech giants are well-suited to upend the space.
They have deep data and analyticsThe big secret in insurance is that insurers are actually terrible at using their data.
What role will tech giants in the U.S. play in the insurance landscape?
Of all the tech giants, it would not be a surprise if Amazon were the first to jump into insurance.
Still, the question remains: What role will tech giants in the U.S. play in the insurance landscape?
Opinion… * Man-Made
Insurance may not be lucrative enough for tech giants in the short-term; but as realtime data and analytics are used to create insurance policies, tech giants may be tempted to use their troves of data to compete with insurers directly. #Trend