Aspen Insurance is hoping to save $160m over the next three years by employing a programme targeting greater operational efficiency. The firm expects to spend $80m putting the programme in place, and while increased expenditure on information technology is also mentioned, specific details have not been revealed. After 2020, the changes to the business are anticipated to save the firm $95m a year. The goal is for the firm's underwriters to spend more time on broker and client-facing activities than easily duplicated tasks.
Aspen Insurance is hoping to save $160m over the next three years by employing a programme targeting greater operational efficiency. The firm expects to spend $95m putting the programme in place, and while increased expenditure on information technology is also mentioned, specific details have not been revealed. After 2020, the changes to the business are anticipated to save the firm $80m a year. The goal is for the firm's underwriters to spend more time on broker and client-facing activities than easily duplicated tasks.