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.
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