Zurich to Cut Spending on Large Tech Projects to Save $1.5B in Costs

Zurich Insurance Group AG, Switzerland’s biggest insurer, plans to cut spending on large technology projects as it seeks to reduce costs, according to chief risk officer Cecilia Reyes. “Managing, harvesting the benefits from these investments” is a challenge, Reyes said in a Jan. 11 interview at Bloomberg’s London office. “We will cut that back and be more focused.”