AIG, CNA Set Up for Big Tech Investments
August 12, 2015 12:23 PM
AIG
CEO Peter Hancock said his company would "continue to simplify our businesses and processes, while continuing to invest in technology and infrastructure." In addition, the company will be "introducing some new administrative platforms" in its private client group, said consumer insurance leader Kevin Hogan
Allstate
The company is looking to achieve cost savings in its tech organization, said CEO Tom Wilson: "The operating model is being modernized with the retirement of legacy technology platforms and expansion of continuous improvement practices."
CNA
"Were investing pretty heavily in technology and data analytics," CFO Craig Mense told investors.
Employers
CEO Doug Dirks said over the rest of the year, the commercial insurer will "continue our focus on technology, which includes the implementation of predictive analytics [and] a multiyear modernization of our core policy administration system."
Erie Insurance
Erie is "committed to investing in technology to ensure we can offer the best customer and agent experience possible," said CEO Terry Cavanaugh.
Prudential
The U.K. insurer has "a little bit of catch up on some of the back book technology" in order to service clients more effectively, according to chief executive Mike Wells.
State Auto
"We are going to be revealing a fairly significant plan around technology that we have a lot of confidence in" over the next few weeks, president and CEO Michael LaRocco told investors. "We will be presenting the plan that allows us to build that type of platform for our new business customers on a go forward basis."