Insurers in the London Market are increasing their emphasis on securing computer systems, resulting in significantly fewer problems, according to an industry survey.
The survey by London-based International Underwriting Association (IUA) found that the number of firms that have experienced an unexpected outage of critical business systems over the past 12 months has dropped significantly, from 73 percent in 2005 to 53 percent this year.
Companies also reported knowledge of fewer outages for their major competitors and key suppliers–from 29 percent to 7 percent and from 29 percent to 12 percent, respectively.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
