Google insurance News

Google ‘Definitely’ Interested in Other Insurtech Investments Following Applied Systems

Google is eager to invest in other insurance technology companies well beyond its newly announced minority stake in Applied Systems, a principal investor with the global search engine giant said on Oct. 17. “We really like the market,” said Jesse …

Google Invests in Insurance Agency Software Firm Applied Systems

Giant Google’s investment arm has purchased a minority stake in Applied Systems, a provider of insurance technology and cloud-based software for independent agencies. The investment in Applied Systems is being made through CapitalG, the growth equity investment fund of Google’s …

After Amazon Conquers Banking, Insurance Could be Next

Tech companies pose a clear challenge to banks and none more so than Amazon, which is reported to be in talks with JPMorgan Chase and other big retail banks to create a checking-account-like offering aimed at younger adults and those …

Robo-Insurance Agents? Bring ‘Em On, Phygitally, Say Consumers

Seven in 10 consumers around the world would welcome robo-advisory services – computer-generated advice and services that are independent of a human advisor – for their banking, insurance and retirement planning, according to a report by consultants at Accenture. Close …

More Than 40% of Insurers See Google as Potential Threat: Capgemini Report

More than 40 percent of insurers see Google as a potential threat because of its strong brand and ability to use customer data, a report released on Tuesday said. And young, mobile phone-friendly consumers may bypass traditional insurers for “new, …

Exclusive: Google to Shut Down Online Insurance Site, Partners Say

It appears Google Compare’s grand experiment in online comparison shopping for auto insurance is dead – for now at least. Insurance Journal has learned that two of Google Compare’s major partners were told today that the giant tech firm is …

Should Google’s Parent Buy AIG?

It’s an “audacious” idea, and Citigroup Inc. acknowledges as much. Google’s parent, Alphabet Inc., should buy American International Group Inc. to expand into financial services, and turn the insurer into a laboratory for innovation, the New York- based bank’s analysts …

Google to Face Same Obstacles Selling Insurance Online, Says Overstock’s Byrne

Those now running comparison insurance shopping websites believe that they could be helped if Google enters into the business because the giant search engine could draw more attention to buying insurance online. However, they also believe Google would face the …