Thursday, August 23, 2007

 

Allianz of America Increases Efficiencies of Its Two Business Operations Through New Outsourcing Agreement with IBM

Allianz of America (AZOA), parent of Fireman's Fund Insurance Company and Allianz Life Insurance Company of North America, has signed a $330 million, 7-1/2 year outsourcing agreement with IBM that leverages the combined information technology (IT) infrastructure operations of both companies. This is a key step in increasing efficiencies in AZOA's two businesses and is projected to save them around 20 percent of their current annual IT infrastructure expenses.

Allianz of America Increases Efficiencies of Its Two Business Operations Through New Outsourcing Agreement with IBM
Source: CNN/MONEY

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