Tech giant Amazon recently partnered with an insurtech instead of an incumbent, Altus’s consultant Patrick Hayward tells Insurance Times why this move is an important one
With rumours of Amazon preparing to enter the motor insurance market garnering attention, it’s latest partnership with insurtech Acko could be “template for disruption in any territory”.
This is according to Patrick Hayward, consultant at Altus General Insurance (GI) told Insurance Times: “The retail and tech giant’s decision to financially back and partner with a start-up, rather than an incumbent capacity provider is important.”
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