Lean budgets are now the new reality, according to Rod Travers, and that’s the biggest challenge for insurers in today’s environment. “The old clich? of ‘do more with less’ has leveled out to become ‘do more with what you have,” says Travers, who is senior vice president of technology at Robert E. Nolan Company. “Although the worst of the budget pressures have passed and every company’s situation is different, IT departments still are pressured to do more within budget constraints.”

Travers will be moderating the IT Town Hall session, on Wednesday at 9:15 a.m., which features a panel of industry experts and promises to look at the issue of how IT departments are learning to “live lean,” including leaner staffs, tighter budgets, greater focus on ROI, and shorter projects. Carriers that must adapt to this “new normal” while still delivering high-impact results are examining every area of their IT operations to drive efficiency and cost savings.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 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.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.