The power of clouds
Cloud computing services could make coping with the regulatory burden easier for brokers, says Theo Duchen
The emergence of the ‘cloud’ and the software as a service deployment model has added a missing dimension to deliver efficiencies and a greater range of services. Consequently, the adoption of cloud-based services has grown significantly over the last 10 years.
Regulation is a key area where cloud-based systems can support a broker’s business.
UK brokers already bear a heavy regulatory burden which is only likely to increase. The British Insurance Brokers’ Association (Biba) estimates that UK
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