When politicians earlier this year were taking pot shots at offshore outsourcing, some insurance industry experts suggested that the backlash could have a "chilling" effect on potential deals, at least in the near term.However, that notion was laid to rest with the announcement in July that Zurich Financial Services had agreed to a seven-year applications sourcing contract with Computer Sciences Corp.
The deal, which is valued at $1.3 billion, represents the largest insurance IT outsourcing contract ever and could be a harbinger for future outsourcing arrangements in the insurance industry, experts say.
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