InsurTech Magazine January 2023 | Page 71

MGA : TPA

“ THE FUTURE FOR THOSE INSURERS THAT CAN MASTER PUBLIC CLOUD ADOPTION LOOKS BRIGHT ”

CHRIS PAYNE EMEIA FINANCIAL SERVICES INSURANCE TECHNOLOGY LEADER , EY
Payne continues : “ The future for those insurers that can master public cloud adoption looks bright . Powered by advanced data analytics and AI , leading insurers can greatly increase their capacity for innovation and accelerate their speed-to-market with new products and solutions . According to EY NextWave Insurance research , the most successful will be able to position themselves as trusted ‘ life and wellness concierges ’, increasing customer retention by 30 %.” insurtechdigital . com 71