Is cloud computing a technology approach that will make a difference for insurers? And just what is cloud computing, anyway? These questions are on the mind of many business and technology executives in insurance today.
To answer these questions, the first task is to explore the scope of cloud computing. It is easy to get confused by the long list of terms that seem to overlap "cloud," or that are just different names for the same concept—such as hosted services, managed services, SaaS (Software-as-a-Service), outsourcing, ASP (application services provider), or grid computing.
The common thread for these terms is they all represent different methods of delivering IT services. It's becoming harder to find an insurer that owns and manages 100 percent of their IT resources. Insurers are trying different IT delivery approaches in an effort to gain more flexibility at a lower cost.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
