Insurers have yet another cloud option available to them, as Informatica announced several new insurance clients using their services. Although not a new offering (the company launched cloud services in 2006), it’s relatively new coming from an insurance industry known as technologically risk averse. According to a recent Gartner Group study, annual spending on cloud-related transactions may grow to almost $150 billion worldwide by 2014.

Informatica’s initial claim to fame was and is its ability to consolidate data from many customer touch points, and since it launched its various cloud offerings, the company has garnered business from a variety of vertical markets, insurance being the latest.

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