While cloud computing still elicits worries about data security and systems resiliency, many CIOs and industry observers report that carriers are getting more comfortable with the cloud and are beginning to see greater possibilities beyond simple cost savings. Now, both private and public cloud services are serving the needs of a number of insurance companies, and some analysts are even starting to advocate that insurance companies get into the cloud business themselves.
Overall, there has been a sea change across industries in attitudes toward cloud computing, as reflected in the results of a recent North Bridge Venture Partners survey of 785 companies. Companies are accelerating their trust in cloud solutions, with 50 percent of survey respondents "confident" that cloud solutions are viable for mission-critical business applications.
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