Amazon, the destroyer of industries is coming for financial services:

As with many other industries, there has been concern in the insurance and financial services industry, that Amazon is coming.  When Amazon has recently entered other industries, stock prices of existing companies have fallen dramatically.  The question remains about how much Amazon along with other Insure-Techs can really disrupt insurance.  And the answer remains that Amazon and other technologies can replace components of the insurance and financial eco-systems while also acting as a distribution partner.  Those are the areas that should be of concern as Amazon’s Moves Signal Digital Opportunity for All Insurers.  Insurance and financial service companies are not selling books or groceries. so the role of technology is still evolving and will not follow that of other industries.  

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