Surprise! IT Spending Doesnt MatterSan Francisco
In what will likely come as a great surprise to information technology professionals and insurance business professionals, IBM said its research has revealed that the amount of IT spending an insurance company does bears no relation to how successful the company is.
According to William Pieroni, General Manager, IBM Global Insurance Industry, White Plains, N.Y., IBMs research takes in the largest insurers worldwide, including both life and property-casualty carriers. Their combined $2.5 trillion in gross premiums represents a 99 percent global share, he said.
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