Future insurance technology to be in the cloud: Sollers - Reinsurance News

Cloud computing will become a common technology in the insurance industry over the next decade, according to a survey by Sollers Consulting. Robotic Process Automation (RPA) is seen as more important in the market than Artificial Intelligence and Machine Learning, while Telematics and the Internet of Things are weighted comparatively low. The survey showed that over eight of the top ten insurers in the markets will rely on cloud and robotic process automation (RPA) by 2031. Artificial intelligence and machine learning will also be important, but they score slightly lower than RPA. While open APIs are almost as important, the Internet of Things (IoT), telematics and blockchain are not seen as top issues in the insurance industry.