Insurtech impacting revenues of insurers
Friday, 06 30 2017, Category: Technology, Country: World
Global insurers expect insurtech growth to threaten their revenues, according to a PwC survey.
The 2017 Global FinTech survey shows that 86 percent of insurers are concerned that revenue is at risk to insurtech players.
From the global insurers participating in the survey, 56 percent believe up to 20 percent of their revenue is at risk to insurtech. A further 20 percent believe up to 40 percent of revenue is at risk. A smaller share of respondents, namely 10 percent, believe that more than 40 percent of revenues is at risk.
Source: Intelligent Insurer