Insurers profits to fall due to low returns, rising costs
The profits of general insurers are expected to fall over the next three months due largely to a rise in costs and low returns on investment, according to the latest PWC and CBI financial services survey released today (29 March).
Competition within the industry is one of the main factors affecting growth, following a rising threat from start-up insurtech firms.
Jonathan Howe, UK insurance leader at PWC, said: "These start-ups
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