Adoption of cloud computing continues to grow across all industries, and Gartner predicts that by 2016 cloud deployments will represent the bulk of IT spending. However, insurers are a naturally risk-averse bunch and remain wary about cloud security.
“Data security and privacy are two primary concerns we have, particularly in light of recent high-profile data breaches,” says Andrew Peel, senior vice president and CIO, Philadelphia Insurance Cos.
“It's a control issue,” says Chad Hersh, managing director in Novarica's insurance practice. “Insurers are concerned with how to ensure the safety of data that's not in their hands.”
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