The case for developing a holistic cloud strategy
Cloud computing has the potential to provide significant benefits within the property and casualty insurance industry. P&C insurers are increasingly adopting cloud services to gain operational flexibility and generate costs savings, but most P&C insurers lack a holistic cloud strategy to fully reap the business potential of cloud computing.
This paper provides an insight into how P&C insurance companies can leverage cloud computing solutions and delivery models to enhance their operational effectiveness and derive cost efficiencies. It provides an introduction to cloud computing services and delivery models and their use in P&C insurance. In addition, the paper explores key drivers for cloud adoption, reviews benefits and challenges and recommends cloud computing models.