Incremental innovation won't sustain profitability: PwC

Global consultancy PwC has warned the (re)insurance industry that
incremental innovation may not be enough to preserve its
profitability in the face of increased competition from technology
start-ups.
In the firm's Global FinTech Report for 2017, released
today, it said while incumbent companies had embraced innovation
they appeared "relatively more conservative" in their
approach to technology compared to other segments of the financial
sector.
PwC attributed this approach to the industry's com