Cloud offerings (including cloud-based software and platform offerings) and SaaS solutions are more than just the latest buzz. Large insurers are starting to invest in leveraging these noteworthy technologies (discussed at length in a companion Novarica report), and small to midsized insurers are following suit.
Though many carriers have yet to invest in these areas, a growing number are investing heavily in an effort to control current and future costs while achieving short-term benefits. Carriers that have invested are seeing real benefits, and those benefits-along with the latest estimates for current and planned usage of these technologies-are covered in this review of survey data from Novarica�s recent poll of insurance technology executives.
This report presents the results of an online survey conducted during October 2010 of 75 members of the Novarica Insurance Technology Research Council, a moderated knowledge-sharing community of senior insurance IT executives.
Novarica provides information, insights, and perspective on markets, operations, and technology to financial services and insurance executives. www.novarica.com