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.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
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.