A three-year IT investment programme at insurance firm
Royal & SunAlliance has allowed it to press ahead with plans to
cut £130m costs from the business, including the loss of 1,000 jobs
in the UK.
A company spokeswoman said, “New systems coming on stream within
the business make us confident we can make the efficiency savings
we have talked about.” As part of the rationalisation Royal &
SunAlliance will look to retire some legacy applications, she
said.
IT has played a crucial role in helping the insurer grow its
online activities. MoreThan, the firm’s online insurance arm, is
now second in the market. “Technology is a big factor in getting
this far and we see it as central to growth going forward,” said
the spokeswoman.
