Insurers Finally Get Acquainted With Cloud

The new form of computing requires the same management and due diligence as any IT engagement, but insurers are finding areas in which to apply it.

August 1, 2012

Joe McKendrick

While cloud computing still elicits worries about data security and systems resiliency, many CIOs and industry observers report that carriers are getting more comfortable with the cloud and are beginning to see greater possibilities beyond simple cost savings. Now, both private and public cloud services are serving the needs of a number of insurance companies, and some analysts are even starting to advocate that insurance companies get into the cloud business themselves.

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