Insurers, although risk-averse as a group, are turning to the cloud as a way to solve specific business issues. (iStock) Insurers, although risk-averse as a group, are turning to the cloud as a way to solve specific business issues. (iStock)

Although the insurance industry was slow to warm up to cloud computing, more and more insurers — especially those in the Property and Casualty sector — are now embracing SaaS business models enabled by cloud technology, as they understand the key benefits it offers in today's competitive and disruption-prone marketplace.

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