Report suggests Amazon could expand Protect product
However CB Insights said that Amazon acting as more than a distributor in the home market was “unlikely”.
Amazon could expand the markets in which it offers the Amazon Protect product which acts a white-label service in the UK that provides accidental and theft insurance on consumer goods ranging from headphones to kitchen appliances.
In a report entitled Everything You Need to Know About What Amazon is Doing in Financial Services CB Insights, a market intelligence agency, noted: “In June 2018, the Warranty Group, which underwrites Amazon Protect in the UK and abroad, was purchased by Assurant for
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