Benefits of Cloud Go Beyond Cost

Insurers increasingly recognize that cloud services can also codify customer data and foster new business opportunities.

INN Breaking News, June 26, 2014

Joe McKendrick

While cloud computing has been in the public consciousness for a few years, the insurance industry, with characteristic caution, continues to steadily advance onto this latest platform. However, tentative steps taken a year or so ago are now accelerating into bolder moves, as insurers recognize the value and competitive advantage cloud services deliver. “In a few years’ time we believe that cloud will simply become the way things are done,” states a report from Accenture. “Those insurers that move more quickly to embrace it will gain a competitive lead that others may struggle to match.”

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