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The Financial Services Institute’s (FSI) OneVoice conference recently hosted a panel on the top 10 technology trends that currently impact independent broker-dealers, and the trends that will likely affect them in the future.  Spenser Segal, CEO of ActiFi, moderated for panelists Suresh Kumar of Pershing and Ron DePoalo of Fidelity, in a discussion on the impact of technology.  Their commentary is included in the following list of trends.

Going 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.