According to TheVerge.com, citing a a new report from an analyst named Ellen Carney at Forrester says that Google maybe getting ready to sell car insurance in the United States, through Google Compare.
Google does own the domain name GoogleCompare.com since 2005, but it currently does not resolve.
“A company called Google Compare Auto Insurance Services Inc. is already licensed to do business in more than 25 states, and licensed to sell on behalf of a handful of major insurers like Metlife, Dairyland and Workmen’s. Carney also notices that Compare’s corporate treasurer is licensed to do business on behalf of a San Francisco-based insurance broker called Cardhound, which could be a sign that Google is getting ready to acquire the company outright.”
“If true, it would give Google a big foothold in a complex and difficult market.
In Europe, Google Compare goes beyond simple auto insurance, using the same technology to help users compare mortgage quotes and credit card offers.
That might not seem like an ideal fit for Google, but given the technical challenges of managing and comparing the quotes in real-time, there could be a lot of room for technical improvement over the current competitors. Still, it’s unclear how much of Carney’s report will come to life. Reached for comment by The Wall Street Journal, a Google spokesperson said, “we don’t comment on speculation.”
This is very interesting-we own the the single word “Insurance” in one of the extensions-this is helpful. Thanks for posting.
This makes sense. With googles involvement in advanced vehicle telematics, IOT (which will revolutionize the insurance industry: real time data) and their driverless cars, of course they would want to be at the forefront of all of this.
more commercials like geico ?