September 28, 2022 –Almost all insurers have at least some of their infrastructure in the cloud, and most insurers plan to expand their use of cloud infrastructure in the coming years. Many are now embracing “cloud-first” infrastructure strategies as they seek greater agility in their systems and deployments. Cloud offers widely recognized benefits for scalability and flexibility, but it also brings critical challenges for talent management, infrastructure strategy, and complexity.

This report is designed to provide insights into the current cloud adoption rate, short-term potential for change, and the pros and cons of adopting cloud based on recent insurer experiences. It is based on an Aite-Novarica Group study of 76 insurer chief information officers conducted in Q2 2022.

This 16-page Impact Report contains eight figures. Clients of Aite-Novarica Group’s Life, Annuities, & Benefits or Property & Casualty service can download this report and the corresponding charts.

This report mentions Amazon Web Services and Microsoft Azure.