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