A report from New York-based Novarica finds insurers are warming to software-as-a-service (SaaS) and cloud computing platforms—albeit at a glacial pace.
The insight, derived from the results of an online survey conducted during October 2010 of 75 members of the Novarica Insurance Technology Research Council, confirms the contention that while adoption of these technologies is far from widespread, interest is beginning to percolate. Indeed, while the average percentage of the respondents current IT budget they were allotting to cloud investments was a paltry 1.1%, the number expected for 2011 rises to 1.4%.
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