The relationship between the financial folks within an insurance carrier and the technology staff has evolved steadily since technology first made its way onto the corporate radar–or spreadsheet, in this case. For many companies, IT started as a function of the finance department with the CFO–in lieu of a CIO–leading the way.
But as the importance of IT started to expand, the traditional structure of IT reporting to the CFO changed as technology established its own identity within the enterprise.
"The technology discipline has become so specialized, the subject-matter knowledge is too different from what a CFO normally deals with on a day-to-day basis," affirms Rod Travers, senior vice president, Robert E. Nolan Co.
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