Was in office the past few days and found out several UW assistants and UW already being let go. After the last few years were focused on building UW back up, now outsourcing to Accenture like everything else. Everything Accenture has taken over to date has turned into nightmarish messes that are driving business accounts away, so of course giving them UW capability too just makes no sense whatsoever. Whatever the commentator who keeps posting that PZ knows what he's doing and trusts CSuite to make right decisions needs to step outside the Csuite bubble box and come see in person just what a bang up job Accenture is doing without some lower level manager sugarcoating the real results!
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Did Chicago UWs and Zonal UW Managers get riffed today ? Is there a possible
office closure on the horizon ?
Is AIG exiting primary casualty? Which underwriting lines are being cut?
UA’s have already been told they are being laid off and UW are drastically short staffed with no open positions. Doubt they will be filled. Jobs are currently being transitioned to Accenture in India.
To @vxv+1v378K6q, AI is fools gold, accenture workers are just poorly trained, cheap workers from third/second world countries . In any way accenture infrastructure has made work more easy for us, it's the contrary. Everything needs to be processed 2 times to correct their errors.
I see other insurance companies prospering while hiring smart people that know how to do the job and pay them what they deserve. AIG stocks are pumped by continuos sell of assets but go down the moment they stop. At some point there will be nothing left to sell to make quick cash and appease investors
It's a sinking ship
PZ not the issue and forget Accenture. UA/UW jobs converting to AI. Things are changing fast.
Pz doesn't care, the future of the Company isn't his problem, he just needs to milk it as much as possible to give money to stock holders and himlself before going elsewhere to loot another Company. As you said, accenture work is poor, they Aren't able to solve the minimum problem and come back to you eveytime something is slightly off their procedure... Noone cares