More than half, 55%, of consumers would be interested in buying a hypothetical insurance product from Amazon, that used data analytics to determine policy pricing, over a legacy carrier,
Some respondents also reported they would be interested in buying insurance products from such companies as Google, 46%, and Facebook or Meta, 38%. The survey was commissioned by Breeze and conducted by Pollfish online in January. It includes responses from 1,500 adults.
“Of the three tech behemoths,
Consumers were also asked other specific questions related to buying auto insurance and renters or homeowners insurance from specific companies in those various industries like Tesla, Ford, CVS and Zillow.
Sixty-six percent of respondents were interested in buying
Survey respondents seemed most interested in buying auto insurance from Tesla, which is already a possibility for some.
Additional findings to note include the following:
- Respondents were also interested in buying renters or homeowners insurance from real estate companies like Zillow or Trulia, 61% said they would be interested and 39% said they would not.
- A little over half, 51%, of respondents, said they would be interested in buying disability insurance from an HR or payroll company like Zenefits or Intuit Quickbooks and 49% said they would not.
- Respondents were also intrigued by the idea of buying health or life insurance products from companies like CVS or Walgreens, 59% said they would be interested and 41% said they would not.
“Driven by insurtechs,