What does it take for a large multinational insurer to move all its regional business operations to the public cloud? How intensive is the effort and what benefits can be expected? While cloud technology is seen by many insurers as a key enabler to achieving higher operational flexibility, efficiency, and scalability, inhibiting factors such as compliance, network security and data confidentiality curb cloud adoption in insurance.
AIA Group Limited is a great example of a large insurer adopting the cloud as a standard deployment model. Insurance companies can learn valuable insights from AIA’s experience—not only from a pure technology perspective but also from an internal organization point of view.