New Era in Property and Casualty (P&C) Insurance—Cloud Computing
Insurance is a dynamic industry, with evolving customer demands, increasing competition, ever changing regulatory controls, and technological advancement. Cloud, mobility, and advanced analytics are transforming the way insurance companies oﬀer value to their customers. As competitive pressures increase, insurance companies are increasingly turning to technology to stay ahead. Many are looking to the cloud, along with other technologies, to reinvent their business model, oﬀering new services and creating direct, multi-channel relationships with customers.
Only insurance companies that recognize the value of strategic integration of compliance, sales, and operations systems with cloud computing are able to successfully manage changing environments and achieve sustainable business growth.