Gartner Research

Cloud Computing Will Be a Catalyst for More Standardization in Insurance

Published: 13 March 2012

ID: G00229165

Analyst(s): Juergen Weiss

Summary

Insurers won't be able to reap the full business potential of cloud computing without harmonizing their IT systems and business processes.

Table Of Contents
  • Impacts

Analysis

  • Impact: Wider adoption of cloud computing in insurance will not occur unless insurers standardize, consolidate or virtualize their IT infrastructures
  • Impact: Cloud computing will allow insurers to achieve cost savings, improve economies of scale and become more agile to enter new markets
  • Impact: Cloud computing will contribute to the breakup of traditional insurance value chains and foster further specialization within the industry

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