Editor's Note:  John Sarich is vice president of Strategy at VUE Software.

While the mere mention of the cloud might raise concerns among insurance professionals, cloud technology offers smaller carriers an ability to compete for business on a much larger scale by increasing efficiency and reducing costs.

For mid-tier insurance companies, the application-deployment options that are available to their larger brethren simply do not exist. Today, the largest insurance carriers often exceed $10 billion in revenue while the industry's smallest companies may write less than $100 million. Since the top-tier carriers have significantly higher budgets, resources, and experience, insurance-software companies often cater their products to meet the needs of these carriers with the highest revenue numbers.

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