As with most industries, cloud is proving to be a disruptive force in the insurance sector. It opens up opportunities across the board, helping insurers achieve faster speed to market, lower costs and greater flexibility. It also helps them address the demands of today’s consumers, including advances in social and mobile technologies.
Among the key drivers of cloud services for insurance are reduced costs, new business opportunities, amazing scalability, better customer engagement and business innovation.
There’s a reason that cloud computing is ranked as a top priority for CIOs today. The cloud truly facilitates transformation in the insurance industry, allowing organizations to react quickly and remain ahead of competition.