Retail large Amazon is providing British buyers an insurance comparison service and has signed on Allianz’s LV= General Insurance, in addition to Ageas UK and Co-op, with extra to be added within the subsequent few months.
UK buyers can request and overview quotes and choose a coverage at amazon.co.uk. A easy quote questionnaire and checkout is accessible at Amazon’s web site, and shall be launched on the Amazon UK cellular app by the top of the 12 months.
“This initial launch is just the beginning,” Amazon’s European Payment Products GM Jonathan Feifs mentioned. “We’ll continue to innovate and make refinements.”
Amazon says it labored with the three collaborating insurers to “streamline one of the most burdensome aspects of the home insurance buying process: the quote questionnaire”.
Customers are solely requested the important questions required by insurers in an effort to obtain a quote, it says. As extra clients buy insurance policies, the shop will populate buyer opinions, star rankings, and claims acceptance charges.
All insurance policies will begin with the identical degree of canopy, referred to as the Amazon Standard of Cover, which incorporates safety for frequent residence insurance claims.
Mr Feifs says discovering the proper residence insurance coverage could be a time-consuming and complicated process, with quotes that usually pass over important protection in an effort to lead with the bottom worth.
“We needed to enhance the expertise for purchasers purchasing for residence insurance so they might simply evaluate choices and make an knowledgeable, goal resolution,” he mentioned.
To buy a house insurance coverage, clients first log into their Amazon UK account and fill out a brief questionnaire. They can evaluate quotes and personalise their coverage. Quotes are up to date in actual-time.
Once a coverage is chosen, clients can checkout utilizing their most popular cost technique on Amazon.
Post-purchase, clients can view their insurance policies, change their cost technique and think about renewal data at amazon.co.uk or the Amazon UK cellular app.
Amazon will add extra insurers to the Amazon Insurance Store early subsequent 12 months.
