Insurance as a Service: SaaS set to transform the insurance industry


firstpost.comStudies conducted by Ovum, the global analyst house, reveal that the use of SaaS (software as a service) in the global insurance industry is already significant with at least a third of all insurers fully deploying or trialling SaaS currently. Despite a significant minority of insurers remaining cautious of SaaS (for regulatory, risk and reliability reasons) there is almost universal agreement among insurance carriers that SaaS will have a significant impact on both the insurance industry and individual insurers within the next five years.


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