Insurtech takeover: Insurers fear over a fifth of sales are under threat from rapid technological ex
Source: City A.M.
The vast majority of insurers (86 per cent) believe 20 per cent of their revenue is under threat from insurtech, according to a survey released today by accountancy giant PwC.
Nevertheless, more than half of the 189 senior insurance executives from around the world polled by PwC said their firms have plans to invest in mobile technology in the next year. Many industry watchers consider London to be the leading light in Europe in the development of insurtech.