Zurich cuts technology spend as Greco seeks US$1.5bil savings

The logo of Zurich insurance company is seen on the roof of an office building in Vienna, Austria, September 4, 2016. REUTERS/Heinz-Peter Bader/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH 'BUSINESS WEEK AHEAD NOV 7' FOR ALL IMAGES

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.”