Amazon leads $12m funding round 

I stock 157739063 amazon

Amazon has led a $12m funding round in Acko Technlogies, an India-based digital insurance start up, according to reports from the Economic Times.

Acko has so far raised $42m to date, according to TechCrunch.

The news is the latest in a series of moves by Amazon to crack the insurance sector.

It follows reports of the Seattle-based tech giant hiring people for London insurance jobs and the setting up of a motor MGA with UK insurer partners.

Elsewhere, a Google company is bidding for health insurance work.