Amazon insurance plans 'not a threat to traditional carriers'


David Williams, technical director at Axa, said Amazon would “not want to compete with insurers”. Regulatory challenges and the need for vast sums of tied up capital mean the retail giant could enter the distribution and aggregator market instead. Williams’ comments follow rumours that online retail giant Amazon is weighing up a corporate partnership with a vehicle manufacturer to sell cars to UK consumers through its UK website. Despite being viewed as a potential disrupter to the UK insuranc