Working in insurance for more than 30 years, with half of that time spent selling solutions into that market, has enabled me to observe the evolution of IT and their approach to determining which implementation models to use. Compared to fifteen years ago, only a few insurance companies opted to have their solutions hosted. Today, a sizable number of insurers have made the switch to the cloud.
Synergy Research which examines infrastructure as a service (IaaS), platform as a service (PaaS), private and hybrid cloud says the cloud market share wars looked like this as of 2Q 2020:
33 %
18 %
7%
9%
33%
In Part I of this blog, we learned about many of the benefits that insurers are realizing today from an IT budget perspective, but even more so from an array of business benefits. In Part II we learned key considerations when considering a move to the cloud. Part III will show considerations for a hybrid cloud approach.
Hybrid clouds are where we are seeing the most traction in insurance, where the business can connect their applications on a cloud to cloud basis. Why? Because no two clouds are created equal, and while there are leaders in the market that provide private clouds for insurers to, for example; host their core system platforms, those clouds might not be designed specifically to manage content. In this case, a cloud to cloud offering provides a seamless experience to the user but provides the best practice approach to providing the highest performance of a combined integrated solution.
Hyland, creator of OnBase, designed the Content Services Platform industry’s first mainstream, online enterprise content management solution more than thirteen years ago and continues to pioneer innovative cloud solutions today.
Insurers choosing to move their applications to the cloud need to have options available to ensure that they have the right infrastructures in place to harness the full feature sets of the solutions they are hosting. All clouds not being equal means that not all private clouds have the expertise or the infrastructure design to manage every aspect of your solution. Hybrid Clouds offer the best solution to allow cloud to cloud integration so that insurers have the best possible experience.
REQUORDIT have the experience professionals on staff that can help you evaluate which platform will be best to host your content.
has more than 30 years of experience working within the insurance industry and is a foremost expert on the practical application of content services platforms in insurance. In her role as Global Director Insurance at REQUORDIT, she has worked with more than 2,000 insurance organizations to successfully reduce operating expenses, increase efficiency, and positively impact their bottom lines.
OnBase solutions are difficult to ‘try before you buy’ due to the sheer number of different solutions that are possible to configure with the OnBase platform.
Every contract process has multiple levels of review, routes, reroutes, and generally many hands involved in an asymmetrical structure. See one example of how OnBase’s tools can help accommodate for any contract management process.
Leaders Learn to Maximize Their Human Capital in Accounts Payable Practical Steps for Maximizing Your AP Throughput Share on facebook Share on twitter Share on
Having worked in insurance for more than 30 years, with 50% of that time selling solutions into that market, it has given me an opportunity to watch the evolution of IT and their approach to deciding which deployment models to use. While fifteen years ago, there were only a handful of insurance organizations who chose to have their solutions hosted. Fast forward to today, significant number of insurers have made the move to the cloud.
As the close of 2020 approaches, Cloud Infrastructure as a service climbs to greater than $111B in worldwide revenue. Synergy Research which examines infrastructure as a service (IaaS), platform as a service (PaaS), private and hybrid cloud says the cloud market share wars looked like this as of 2Q 2020:
33 %
18 %
7%
9%
33%
In Part I of this blog, we learned about many of the benefits that insurers are realizing today from an IT budget perspective but even more so from an array of business benefits. In Part II we learned key considerations when considering a move to the cloud. Part III will show considerations for a hybrid cloud approach.
Hyland, creator of OnBase, designed the Content Services Platform industry’s first mainstream, online enterprise content management solution more than thirteen years ago and continues to pioneer innovative cloud solutions today.
Insurers choosing to move their applications to the cloud need to have options available to ensure that they have the right infrastructures in place to harness the full feature sets of the solutions they are hosting. All clouds not being equal means that not all private clouds have the expertise or the infrastructure design to manage every aspect of your solution. Hybrid Clouds offer the best solution to allow cloud to cloud integration so that insurers have the best possible experience.
ReEQUORDIT have the experience professionals on staff that can help you evaluate which platform will be best to host your content.
Contact us for more assistance today.
has more than 30 years of experience working within the insurance industry and is a foremost expert on the practical application of content services platforms in insurance. In her role as Global Director Insurance at REQUORDIT, she has worked with more than 2,000 insurance organizations to successfully reduce operating expenses, increase efficiency, and positively impact their bottom lines.
is an easy and affordable OCR Software for business – automate manual data capture and validation through an our cloud OCR solution. Be processing documents in minutes!
Interested in one of REQUORDIT’s solutions, services, or software? Talk to a Sales Rep to evaluate our offer and get consultancy.
