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Insurance Cloud

Insurance Cloud

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From Tactical To Strategic Investment For European Insurers

SUMMARY

Insurance companies are starting to become more open about cloud adoption as they need to be more agile, have access to disruptive technologies that boost innovation and reduce infrastructure costs, this report reveals.

Insurers that move to the public cloud can take advantage of an Infrastructure as a Service platform. These companies can also put in place a strategy benefiting from the insurance-specific options that the cloud offers to develop smart and cost-cutting solutions.

According to the report, insurers can also boost business growth, expand globally, innovate effectively and cut down costs thanks to insurance-based cloud solutions. Cloud computing could actually have the potential to reinvent the way the sector does business, the paper explains.

The research shows that quite often insurers start the cloud adoption process with non-core business functions. However, in order to become a real cloud-enabled company, insurers should adopt a strategic examination to set the direction of IT. Another key aspect mentioned in the paper is that cloud costs should be managed very carefully as they can easily increase significantly. 

OUTLINE

Advantage Of Moving To Cloud For Insurance: The Big Opportunities

Where Cloud In Insurance Is Going

Key Cloud Trends

How The Journey Begins: Blueprint And Roadmap

Journey To Cloud: Getting On The Right Path

Effective Cloud Management

Raising The Bar On Security

DETAILS

Overview

Researchfinder Rating
4 out of 5 stars
Title
Insurance Cloud
Sub-Title
From Tactical To Strategic Investment For European Insurers
Region
Global
Published
Oct. 2, 2018
Publisher
Accenture
Author(s)
Richard Leroy, Elodie B. de Fontenay, Kankeyan Murugavel
Price
FREE
Language
ENGLISH

Content

Number of Pages
20
Number of Tables
0
Number of Exhibits
2
Topics
cloud
Tags
Accenture, AI, cloud adoption, cloud applications, cloud computing, cloud migration, cloud savings, cloud security, global, hybrid cloud, insurance, iot, SaaS, security
Companies mentioned
SalesForce, Towergate
Author(s)
Richard Leroy, Elodie B. de Fontenay, Kankeyan Murugavel
Methodology
Not available
EVALUATION

An interesting report on cloud adoption in the insurance sector.

Positives:

  • Lists insurtechs firms driving cloud-based solutions

  • Interesting case study about an insurance company taking advantage of cloud capabilities and managing to save costs while driving innovation 

  • Includes several principles nearly always applicable for insurers when starting their journey to the cloud

  • Well-structured, good layout

  • Understandable language

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