Customers want intuitively simple solutions. Insurers have figured out that the best way to deliver these is with the cloud, but migration requires an evolutionary approach that leverages existing capabilities and places new innovations on a pedestal. However, the right combination of cloud services can also result in new business models, promote new value propositions and enable new revenue streams. The success of the InsurTech sector is providing insurers with unprecedented innovation and is thriving almost entirely on cloud-based architectures.
This report discusses the five ways that the cloud gives insurers the freedom to focus on innovation.
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