InsurTech Magazine September 2020 | Page 58

MEETING INDUSTRY CHALLENGES
CLOUD & CYBER

Using insights from tech leaders Guidewire Software and Sumo Logic , we investigate how cloud has transformed the way insurance companies operate

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t can be easy to underestimate the importance of cloud technology when considering the modern insurance industry . Making it easier for startups and new InsurTechs to compete on a level playing
ground with incumbents and traditional financial institutions , cloud mitigates the need for cumbersome legacy infrastructure and allows a company to remain agile , adaptable to contemporary challenges and offer customers a more intuitive experience . To find out more about how cloud platforms are enabling genuinely transformative results for insurers , we spoke with executives from two leading California-based tech companies : Keith Stonell , Managing Director EMEA at Guidewire Software and Colin Fernandes , Product Marketing Director EMEA at Sumo Logic .
MEETING INDUSTRY CHALLENGES
For both Stonell and Fernandes one thing is very apparent : COVID-19 has been an
SEPTEMBER 2020