After Amazon Conquers Banking, Insurance Could be Next

April 17, 2018

  • April 18, 2018 at 12:58 pm
    Agent says:
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    Can anyone say they are trying to create a monopoly? Getting too big for their breaches.

    • April 18, 2018 at 1:44 pm
      Cut the Bias says:
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      Good thing they own the Washington Post so Trump may actually do something about it. Otherwise, the current political leadership seems like they are 100% on board with massive consolidations of power and resources.

      • April 30, 2018 at 11:05 am
        Agent says:
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        I seem to remember our former POTUS promoting his signature legislation as being as easy as going on Amazon to get coverage. What a disaster he was promoting and totally false as well.

  • April 18, 2018 at 3:11 pm
    PLPM says:
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    Amazon does not own the Washington Post, Jeff Bezos personally owns it.

    • April 20, 2018 at 11:37 am
      Splitting hairs says:
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      Same end game.

  • April 20, 2018 at 10:09 am
    Bozo Bezos says:
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    Online insurance purchase solutions from “outsiders” have pretty much failed. Google tried and failed after only a year. Not worried.

  • April 20, 2018 at 10:35 am
    Mary says:
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    It might work for Personal Lines and possibly a small BOP. Don’t think it would work for more complex accounts. Change always comes whether you like it or not. Stop trying to make it political.

    • April 20, 2018 at 11:38 am
      Splitting hairs says:
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      Making it “political”? Actually, this is called an economic issue – MONOPOLY. Politicians are expected to address monopolies. Stop trying to not make it political.

  • April 23, 2018 at 2:08 pm
    torrence-agent says:
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    This is a very, very serious threat to the agency business, regardless who has failed before. Amazon has a global reach, financial and intellectual wherewithal and super refined technology. If they really want to take us out from small biz to personal lines to life/health insurance, you should understand that they can.

    • April 23, 2018 at 6:15 pm
      County Line says:
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      Torrence-agent, I agree with your understanding that Amazon has become the 800 lb gorilla of the sales world. The fact that I “like-clicked” your comment is NOT because I embrace the monopolistic power Amazon has built. My “like” is for the truth your statement.

    • April 23, 2018 at 8:41 pm
      SWFL Agent says:
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      I don’t think that banks have set the bar very high for someone like Amazon to come in and take some of their market share. Most banks we deal with are poorly run and have terrible service. Doubt Amazon can handle large commercial accounts and loans but if they can streamline the small stuff let them have at it.

      • May 1, 2018 at 3:17 pm
        Agent says:
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        Last time I checked, banks have a limited presence in insurance and many like Wells Fargo wish they had never gotten into it.



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