LONDONUnlike the United States where insurance carriers frequently take a decentralized approach to their information technology programs, European insurers control many of their IT development and systems from the centerwhich they believe brings enhanced cost efficiencies.

Due to the fact many U.S. carriers write composite businessin the areas of life and health as well as property/ casualtymost of their IT programs are decentralized and implemented on a regional or divisional level, according to Axel Pierron, analyst for research firm Celent Communications, in Paris. However, the centralized, global approach adopted by European insurers is more cost-effective, he says.

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