Cloud adoption enables insurers to alleviate the burden of maintaining and upgrading expensive IT infrastructure. (Photo: iStock)
Migrating from on-premise to the cloud is becoming a widely accepted business trend in Insurance and many other industries. According to a recent Novarica report, cloud adoption in insurance has more than tripled over the last three years, growing from 20% to 70%. This trajectory is expected to continue, enabling insurers to alleviate the burden of maintaining and upgrading expensive IT infrastructure while increasing the agility and flexibility of business operations.
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