To stay competitive, insurance carriers might look to the cloud. Leading carriers are already using it to provide quick, efficient service to customers. Insurers that decide to migrate their computing systems to the cloud would be in good company, McKinsey senior partner Steve Van Kuiken and coauthors note: among C-suite leaders across sectors, a third expect to have up to 50 percent of their computing environment in the cloud in the next five years.

In the next five years, most business leaders we surveyed plan to migrate more of their computing environment to the public cloud.
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To read the article, see “What every insurance leader should know about cloud,” September 7, 2022.