InsurTech weekly - Will GAFAM ever break into the insurance industry?

_{Lessons learned from Amazon's exit from insurance}

Earlier this year, Amazon discontinued its insurance initiative in the UK. But did you give it a try? I did it for you. The idea was to explore the level of "innovation" in such an initiative and assess what its termination means for the future of InsurTech.

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_{A framework for FinTech innovation}

What do mobile banking, BNPL, and embedded finance have in common? They were all once "too small to matter." That's because innovators tend to sell new products to new customers. These markets start small, too small to be profitable for incumbents until they're not. Market share is cheap when markets are small. Some markets hit hypergrowth. I (Simon Taylor) think it's possible to spot the tipping point in these markets. When they go from high potential to the next big thing.

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_{GAFAM's investments in AI infrastructure}

Microsoft, Alphabet, Amazon and Meta all revealed massive increases in spending in the first six months of 2024 — totalling $106bn — in their latest quarterly earnings reports, as their leaders brushed off stock market jitters to pledge further investment hikes over the next 18 months. “At this point, I’d rather risk building capacity before it is needed, rather than too late,” Meta chief Mark Zuckerberg said this week, as he predicted the Facebook parent’s capital spending could hit $40bn this year.

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