Use of Cloud Technology in the Insurance Industry

Highlights

• Despite insurers' reluctance to engage with new technology, more firms are taking advantage of the cloud
• Concerns for adoption of cloud technology center on security, storage, locality, access and compliance
• Insurers adopting cloud solutions must navigate complex data sovereignty issues in Asia Pacific

Using the cloud within (an unstructured) environment means you can host large volumes of data and analyze it in ways that simply wasn't possible five to ten years ago.

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