Vienna Insurance Group, the largest insurer in Austria, says its bottom line is impacted by outdated IT systems.

In the company's third-quarter earnings release, which came out today, it notes a writedown of nearly 200 million Euros related to "IT impairment." The financial fallout is more than half of the company's total third-quarter profit.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access