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Tech 'afflicts' those who plan poorly
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Tech 'afflicts' those who plan poorly
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Tech 'afflicts' those who plan poorly
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Trade Publication Article
Tech 'afflicts' those who plan poorly
2000
Overview
To be sure, technology has been viewed as the \"afflicter of the comfortable\" in the insurance industry, and with good reason. Of course, most software vendors will not come right out and say that their new products will allow insurance companies to fire some of their employees because they will not need them when they install the new, automated systems. The usual catchphrase is something like: \"It will free up your [pick one: agents, underwriters, adjusters, marketing people] to do other, more important tasks.\" Oh really? Tell that to the 3,000 people who recently lost their jobs at Chicago-based Aon. A company representative said the cuts were necessary to make Aon more competitive with other brokers and financial services companies. But - and here is the key point - the company said that the reductions were made possible because of the utilization of new technology. If the world's 2nd-largest broker is reducing staff due to technology advances, can others be far behind?
Publisher
ALM Media Properties, LLC
