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
It is exponentially cheaper than any solution that is on premise or in a private data centre
Faster time to get business functionality to market to create value
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.
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.