Carriers looking to the future know that hosting legacy systems on-premises is no longer a viable path to success. According to research from Strategy Meets Action (SMA), a strategic advisory services firm serving the insurance industry, most insurance core systems sold since 2015 have been hosted in the cloud – and with good reason.
While there are several delivery models available in the world of cloud hosting, each offers unique benefits that running your own server room or data center simply cannot. However, the proliferation of hosting providers, models, and core systems vendors over the past few years has led to some degree of confusion in the marketplace. Finding the right solution for your organization can be challenging, and you need to know what will truly be best for your company’s future business model.
That’s why we created Choosing a Hosting Model: A Cloud Handbook. This latest publication in our Solving for Tomorrow series addresses the challenges and opportunities carriers face when transitioning from on-premises legacy technologies to modern, cloud-based core systems. It provides clear definitions of the typical hosting models available today, and most importantly, it offers you six key questions to ask of a core systems vendor – and one critical one you must ask yourself as you envision the future success of your business.
This isn’t a product brochure or a sales pitch for Duck Creek. It is a simple, easy-to-read guide to the complex world of cloud hosting, designed to provide clarity around commonly used (and misused) terminology and to empower you and your team to choose the solution that is best for your needs.
Download your copy now, and prepare yourself to take the first step on your journey to a future defined by speed, innovation, and success.