In the last year, insurers, from Geico to Patriot National, have moved more to the cloud. The use of cloud-based storage has increased 90 percent from January 2012 to June 2013, according to "The 2013 State of the Enterprise Cloud Report" from Verizon.
A CEB TowerGoup survey querying strictly insurers echoes the increase. In fact, many insurers (32 percent) already are set to replace their existing cloud technology by 2017. The early 2013 survey indicates that 64 percent of insurance firms expect spending on cloud solutions to increase in the next two years. And, 59 percent say insurance cloud solutions provide somewhat high, high or very high value to their company.
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