Cloud Computing in Insurance

Cloud adoption among insurance companies is entering the mainstream as carriers seek to minimize costs, improve security, and support flexible digital ecosystems. In 2020, it was reported that 48% of insurers have a cloud-native expertise. 

Cloud computing is now the backbone of several insurance technology leaders’ digital strategies. The computing demands of big data analytics to deliver personalized experiences to customers, for example, requires scalable infrastructure that many carriers cannot replicate in-house. Cloud enables carriers to maintain flexible digital ecosystem models, enhancing the experience of ecosystem partners, reducing reliance on in-house builds. 

For many carriers, cloud adoption is the path forward to becoming a “digital-first” insurer.