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Emerging Insurance Practices in Cloud Computing

Cloud-based environments are low-risk solutions that enable applications to increase business value.

By Jeff Tumpowsky | Updated on March 17, 2014

The insurance industry is continuously looking for the simplest, most efficient method of providing consumers with the best service, while at the same time trying to reduce overall operating expenses. While insurance providers explore the right options for their businesses, one thing is certain: Cloud-based environments are low-risk solutions that enable applications to increase business value. Research has shown that running desktop applications in the cloud can be attractive because it reduces complexity and increases security.

Aside from the insurance industry, other financial services institutions struggle to find a business structure that provides the desired flexibility and market savings necessary to provide excellent customer service. However, with the help of cloud computing and unified communications, these challenges are being overcome. Due to recent success and proven low-risk functionality, insurers are gradually adopting cloud solutions to help guide business operations and initiatives. In fact, Gartner predicts that the cloud system infrastructure market will grow by 47.8% through 2015.

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