Insurance companies need to view IT as a strategic asset that can help the business remain competitive and lay robust foundations for the impact of future trends. Rather than seeing it as a cost-drain.

We’ve created some best practice guidelines to help insurance companies tackle the challenges they face and re-architect their business.

Last time, we talked about the importance of collaboration – if you missed that post, catch up here.

Underpinning all of these best practice areas is one technology in particular – cloud computing. With cloud comes the ability to facilitate mobile working, collaboration, data managing and automation with far more ease. CIOs and Heads of IT in insurance companies must begin to modernise legacy IT infrastructures to a more cloud-based system. In doing so, they will ensure they have the ability to respond quickly to changes, and have the flexibility to scale solutions as needed.

The first stage when considering cloud is to understand and benchmark the technical requirements of the IT environment to assess the suitability of each workload for a move to cloud. Second, identify the cloud products that will support the business’s move to cloud while maintaining network security, considering how prevalent enterprise platforms such as Microsoft 365 can deliver value. Third, CIOs must build a detailed plan which outlines what the expected benefits of cloud are, the predicted costs, and how these will be communicated to the wider business.

With the added complexity of compliance regulations, moving to the cloud can be a daunting task for insurers, and there is no one-size-fits-all cloud solution, given the specific requirements of individual businesses. With over 25 years’ experience of working with major private and public sector organisations on their cloud projects, Trustmarque can help make well-informed decisions on what workloads should be moved to cloud and when, minimising risk and ensuring that the desired benefits of cloud are realised.

To find out more about the future of insurance, download our white paper today. To speak to one of our experts about how your organisation can modernise, contact us on 0845 2101 500, or email info@trustmarque.com.