TECH BUYER Apr 2022 - Tech Buyer Presentation - Doc # US42101917

Cloud Adoption Trends and Emerging Use Cases Within the Insurance Industry: Insurance Cloud Adoption Snapshot, Major Trends, and Use Cases Going Forward

By:

Davide Palanza
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Abstract

This IDC Tech Buyer Presentation discusses overall cloud adoption trends in the insurance industry. It walks the reader through a conversation journey that first depicts the current cloud technology adoption snapshot as well as the expected IT investment we see channeled in the next three years toward such transformative technology. It also describes the most predominant deployment patterns as well as application/workload areas that have so far been targeted the most directionally.

The presentation then digs deeper into two core business areas that we believe will be hugely impacted by cloud transition: claims management and policy life-cycle administration. For such functional domains, we provide a thorough glance at cloud-enabled use cases as well their expected benefits. In conclusion, we will provide some recommendations around insurers' plans going forward.


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