Cloud computing

According to Capgemini's World Life Insurance Report 2026, 76% of customers expect advanced cloud and data capabilities but only 16% of insurers are capable of delivering.

Digital transformation is streamlining operations and enhancing customer experiences.

Tech isn't a replacement for strategy or a substitute for process design. And it won't deliver results without the right people behind it.

The real challenge isn't in which technologies to adopt, but in identifying how to extract the most value from investments.

A byproduct of insurance modernization is the creation of increasingly complex tech stacks and application integration.

Now in his second year with GNY (Greater New York Mutual) Insurance Companies, CIO Vasudevan Veeraraghavan is leading a digital transformation of the insurer's data management to support decision making.

Consent and preference management systems, catching on with insurance carriers to leverage customer data for marketing, have the potential to balance that with privacy regulation compliance, according to a Madison Advisors report.

Google's cloud clients will be able to access Meta's Llama 2 large language model, as well as AI startup Anthropic's Claude 2 chatbot, to customize with enterprise data for their own apps and services.

It can eliminate geographical barriers and allow teams to access and share data more freely.