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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
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Insurance industry to increasingly use cloud computing

Posted by RJ and Makay on Feb 22, 2011

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Insurance Industry to Increasingly Use Cloud ComputingGoing forward, look for the insurance industry to increasingly adopt cloud computing so it can offer more affordable, more flexible services. Cloud computing refers to any web-based service that is an “expandable and on demand resource,” says Andy Scurto, president of ISCS, a software and services provider for the property-casualty insurance industry.

Some insurance agencies have implemented cloud services without realizing it, shows a recent Virtacore Systems survey. In the survey, about 54% of those using web-based software for email, CRM, productivity, or conferencing did not identify them as cloud applications. “People are starting to realize that cloud computing can save a lot of money and a lot of headaches, and can basically give you a lot more solid infrastructure with a lot less cost,” Scurto says.