Big Tech makes too much money out of insurers to compete with them

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Big Tech firms have little incentive to become full-stack insurers themselves – they are making more than enough money servicing the industry to compete with it.

That was one of the conclusions from the session How Should Insurers Respond to Big Tech at last week’s Insurtech Insights conference in London.

In direct response to an audience question about how

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Nigel Walsh, Google Cloud

The number of deals insurers have been making with Google Cloud to finally deliver that seamless, personalised insurance experience that customers used to shopping via Amazon and streaming films via Netflix is ramping up.

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