When I penned my recent rant on the inadvisability (at least at present) of SaaS for core systems in insurance, little did I know I would hear from some enthusiastic fans eager to sing the virtues of SaaS.
In that particular blog, “Is SaaS a Viable Option for Core Insurance Systems?,” I opined: “So, are insurers likely to embrace SaaS for their core offerings? Probably not at this point. I must add, however, that SaaS vendors are working hard at mitigating the potential problems with their systems and their paradigm. It will probably take more of this work—and a more risk-friendly economic climate—to convince many insurers to choose the option for critical systems. But it is not out of the realm of possibility.”
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