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Business benefits of Cloud Native for MGAs and Insurance Companies.

Updated: Dec 10, 2020

Microsoft, Amazon, Google, IBM have invested hundreds of millions of dollars into their respective cloud strategies. This will continue and to benefit from these investments, MGAs and Insurance companies need to focus on a Cloud -Native strategy.


The business benefits are significant


COST

It is exponentially cheaper than any solution that is on premise or in a private data centre


TIME

Faster time to get business functionality to market to create value


PEOPLE

You don’t need an army of IT experts to benefit from all of the cloud services


SPEED, SCALE, AVAILABILITY

Cloud -Native solutions auto scale aligned with business growth with high availability


REGULATORY COMPLIANCE AND DATA SECURITY


The cloud providers have a rich set of data security and regulatory compliance services that are available to Cloud -Native solutions.


DIGITAL ECO-SYSTEMS


Cloud-Native solutions are modular, microservices by design supporting integration with other applications and services


For MGAs and Insurance companies, the question is not if but when you move to a Cloud-Native approach as this is the future.



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