Productivity is the buzzword of the hour.(Technology)(IBM Global Insurance Executive Conference)

National Underwriter Life & Health-Financial Services Edition, September, 2003 by Trembly, Ara C.

Productivity--enhanced and enabled by technology--was the buzzword of the hour, as vendors and insurers met here recently for the IBM Global Insurance Executive Conference.

While the conference was sponsored by one of the world's leading information technology (IT) vendors, most of the presenters, including those from IBM, emphasized the need for efficiency, company differentiation and resiliency (leading to productivity) to help insurers succeed.

In today's economic climate, success means "a relentless focus on execution," stated William Pieroni, general manager, Global Insurance Industry, for IBM Business Consulting Services, based in White Plains, N.Y. "Efficiency must go beyond cost cutting to productivity."

"Productivity is the...

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