Cover Image
Market Research Report

Cloud Computing in Insurance - Thematic Research

Published by GlobalData Product code 951724
Published Content info 27 Pages
Delivery time: 1-2 business days
Price
Back to Top
Cloud Computing in Insurance - Thematic Research
Published: July 15, 2020 Content info: 27 Pages
Description

This report provides in-depth analysis of the use of cloud in the insurance industry. It looks at use cases and how the technology can help overcome the challenges faced by insurers. It provides a thorough overview of the market along with analysis of how the development of cloud technology will impact the insurance value chain.

The rise of insurtech - the digitalization of insurance - is posing a huge threat to incumbents. They are being disrupted by digital-savvy start-ups, such as Lemonade, which use digital tools to offer a more personalized and cheaper insurance experience. Combined with a general lack of trust in insurers, consumers are increasingly switching to digital-native insurers. Traditional firms risk further falling profitability if they fail to digitally transform. Insurance firms also face increasing cybersecurity risks due to the sensitive customer information that they control, and increasing regulatory scrutiny of the storage and use of this information.

Scope

  • The use of cloud technology will benefit the insurance industry across the value chain, with use cases being found in both the life and non-life insurance space.
  • Cloud computing has changed the way companies can store and interact with data. Its advantages over legacy technologies are the offer of a more convenient and powerful alternative for IT at a cheaper price point.

Reasons to Buy

  • Benchmark yourself against the rest of the market.
  • Ensure you remain competitive as new innovations and insurance models begin to enter the market.
  • Be prepared for how regulation will impact the use of wearable tech in insurance over the next few years.
Table of Contents
Product Code: GDIN-TR-S021

Table of Contents

Table of Contents

  • Cloud value chain
  • Key players in the cloud computing value chain
  • Insurance challenges
  • The impact of cloud on insurance
  • Case studies
  • Market size and growth forecasts
  • Timeline
  • Players
  • Leading cloud adopters in insurance
  • Leading cloud vendors
  • Specialist cloud vendors in insurance
  • Glossary
  • Appendix: Our thematic research methodology
Back to Top