Since the end of January, cloud-based core systems replacements have increased across insurance, especially among mid-sized carriers. AAA Carolinas, SafeAuto, Mutual Assurance, Lawyers Mutual of NC and Catholic United Financial have all announced cloud for core agreements with service providers.
A key factor behind the industry trend is insurers' familiarity with cloud outside of core systems, according to an April study from Novarica. Companies are already using cloud for ancillary functions such as, human resources, finance and email.
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