In Review: Cloud Computing A Business Enabler for Insurers--Fact or Fiction?


Senior mangers from across the Asian re/insurance sectors gathered in Singapore and Hong Kong to hear how the use of the cloud will continue to shape the face of the industry.



Senior mangers from across the Asian re/insurance sectors gathered in Singapore and Hong Kong to hear how the use of the cloud will continue to shape the face of the industry.

In Hong Kong delegates heard from Andrew Anker, COO of AIA on how cloud based technology will drive their business going forward.

He said the use of the cloud would create new challenges for the market and also a reshaping of a firm’s IT department as the role and relationship between a firm and its technology will be radically changed.

In Singapore Liberty International CIO David Tam told delegates of the lessons learned from the firm’s move to the cloud and why early adopters will have a significant competitive advantage over those peers which have not embraced the benefits of the cloud.

However he added there were challenges and any migration needs to be carefully planned and thought through.

Delegates at the two seminars were then guided through the core benefits  of the cloud and how it can enhance efficiency and cost benefits by Equinix and PTS Consultancy Group.

Iain Anderson of law firm RPC explained the importance of getting the contract right with your cloud partner and how the regulators view the use of cloud and data storage.

Attendees left both seminars with a clear understanding that cloud usage will gather in pace over the next three to five years and companies should be creating a clearly defined strategy as to how they can implement cloud technology into the heart of their business.

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Thumbnail by Nathan Cullitan//CC BY 2.0



Equinix, Inc. (Nasdaq: EQIX) operates a global interconnection platform of more than 200 International Business Exchange™ (IBX®) data centers in 52 markets in the Americas, EMEA, and Asia-Pacific. Our mission is to protect, connect and power the digital economy.
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