Amazon, Apple And Tesla Have ‘Opportunities In Insurance’

 Wednesday, March 15, 2017

 Insurance Business America

They don’t want you to just use their technology, they also want you to get insurance from them. That is according to a joint report by Morgan Stanley and Boston Consulting Group, which says that the likes of Apple, Amazon, Verizon, and car maker Tesla are in a good position to sell car insurance as part of a “shared mobility” program in anticipation of the ubiquity of self-driving cars. As cited by trade publication Investor’s Business Daily, the report noted that these tech giants are most likely to leverage their data capabilities, upon which the emerging usage based insurance (UBI) is mostly based.