// Amazon unveils its new Amazon Insurance store
// Customer reviews, star ratings, and claims acceptance rates will be added to the store as more people purchase policies, offering a transparent way to evaluate insurers
Amazon has launched its Amazon Insurance Store – which the online giant called “a new, simple, and convenient way for UK customers to shop for home insurance.”
The store offers an improved shopping experience for home insurance with like-for-like quote comparisons that customers can trust, a streamlined and simple quote questionnaire, and a checkout experience integrated with amazon.co.uk.
The Amazon Insurance Store will start rolling out to select customers today, and it will be available to all UK customers on amazon.co.uk/insurance and the Amazon UK mobile app by the end of the year.
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Amazon’s European Payment Products general manager Jonathan Feifs said: “Shopping online for home insurance is a well-established experience, and our goal is to exceed customers’ expectations when it comes to the Amazon Insurance Store,”
“This initial launch is just the beginning—we’ll continue to innovate and make refinements, all with the aim of delighting customers and providing the most convenient shopping experience possible.”
In developing the Insurance Store, Amazon worked with participating insurers to streamline what it called “one of the most burdensome aspects of the home insurance buying process: the quote questionnaire.”
Customers are only asked the essential questions required by insurers in order to receive a quote, simplifying the process. and the Insurance Store also provides a more transparent way to shop for home insurance.
As more customers purchase policies, the store will populate customer reviews, star ratings, and claims acceptance rates so customers can make more informed purchasing decisions.
All policies in the Amazon Insurance Store start with the same level of cover, called the Amazon Standard of Cover, which includes protection for some of the most common home insurance claims.
The Amazon Standard of Cover gives homeowners and renters additional confidence when purchasing a policy as it makes it easier to compare like-for-like quotes, review cover inclusions and exclusions, and then add to their policy if needed.
“Finding the right home insurance policy can be a time-consuming and confusing task, with quotes that often leave out essential coverage in order to lead with the lowest price,” Feifs said.
“When we set out to create the Amazon Insurance Store, we wanted to improve the experience for customers shopping for home insurance so they could easily compare options and make an informed, objective decision—just like shopping on Amazon.”
To purchase a home insurance policy through the Amazon Insurance Store, customers first log into their Amazon UK account and fill out a short questionnaire. After that, customers can compare quotes and further personalise their policy in the areas that matter most to them.
To celebrate this launch, Amazon customers who make a qualifying purchase of a home insurance policy through the Amazon Insurance Store will receive a £10 Amazon.co.uk gift card.
Amazon has partnered with three insurance brands for this initial launch: Ageas UK, Co-op, and LV= General Insurance.
Each company has been carefully selected using a number of customer-focused criteria, including reasonable time frames for claims handling and resolution, and delivering on Amazon’s high-bar for customer service. Amazon will add more insurers to the Amazon Insurance Store early next year, giving customers even more selection.
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