Prudential to boost technology spending in Asian expansion drive


By Alfred LiuBei Hu
  • TECH
  • Monday, 16 Apr 2018

A pedestrian shelters beneath an umbrella as they pass a Prudential Plc logo on the wall of the building housing their headquarters in London, U.K., on Thursday, March 15, 2018. Prudential soared on plans to split the firm by spinning off its U.K. operations, a move that will create an insurance business focused on faster-growth markets in Asia, Africa and the U.S. Photographer: Luke MacGregor/Bloomberg

Prudential Plc is boosting technology investment in Asia as part of its plans to double earnings in the region in coming years. 

The UK insurer will raise annual spending by 20% to £300mil (RM1.66bil) from this year in areas such as automation and online sales and support to attract younger customers who are increasingly expecting instant service, said Nic Nicandrou, chief executive of its Asia operation. 

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