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Amazon Pulls Plug on UK Dwelling Insurance coverage Enterprise

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Amazon has pulled the plug on its UK dwelling insurance coverage enterprise – a comparability web site – after launching in October 2022.

“During the last yr, now we have been evaluating numerous companies and applications, and as part of that we’ve made the troublesome resolution to discontinue the Amazon Insurance coverage Retailer,” in accordance with Vassil Gedov, head of the Amazon Insurance coverage Retailer, in an emailed assertion.

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“Prospects who’ve bought insurance policies is not going to see any modifications to their protection, claims in course of right now, or future claims they could make throughout their coverage time period. We’ll present steering to clients on any actions they should take on account of this alteration.”

Amazon.com Inc. had partnered with three insurers: Ageas UK, Co-op, and LV= Common Insurance coverage, a unit of German insurer Allianz.

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The intent of the plan was for the portal to offer third-party companies initially and develop the variety of insurers on the location.

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