containers to run their infrastructure over time .” It could be concluded , then , that cloud will be a crucial part of the cultural transformation that is likely to mould the industry ’ s mindset for the foreseeable future . Stonell has a similar vision for cloud ’ s future development : “ Open APIs will empower the wider ecosystem to grow , innovate , add further value , develop the potential for carrier-led coinsurance and peer-to-peer settlement .” The future of insurance , therefore , could be far more open and customisable than previously thought possible , ushering in a far more 21st-century experience . “ Cloud-hosted , modern software platforms can enable greater customisation and flexibility and can be adapted to encompass unique processes , such as those used in the London Market ,” Stonell concludes . “ This creates an accessible marketplace that ’ s comparable to an app store , which could be the next step for optimising value .”
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