Insurers in the London Market are increasing their emphasis onsecuring computer systems, resulting in significantly fewerproblems, according to an industry survey.
The survey by London-based International UnderwritingAssociation (IUA) found that the number of firms that haveexperienced an unexpected outage of critical business systems overthe past 12 months has dropped significantly, from 73 percent in2005 to 53 percent this year.
Companies also reported knowledge of fewer outages for theirmajor competitors and key suppliers–from 29 percent to 7 percentand 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.
