Software-as-a-service solutions recommended to insurance companies

Many insurance companies could benefit from using software-as-a-service solutions inside their organisation.

This is the opinion of Benjamin Moreland, a senior analyst at Celent, who told Information Management now is the time for many businesses working in the field to seriously consider making use of such offerings.

"You can no longer delude yourself into thinking you can do IT solutions better than any software-as-a-service vendor, especially into today’s market where utilisation, agility [and] speed to market … are key business drivers," he stated.

Mr Moreland said while an insurance company’s IT team may know their systems better than external providers, it does not mean they have the edge when it comes to supporting business solutions in the future.

Earlier this month, Ali Hedayati, president and chief operating officer of Coradiant, told ZDNet software-as-a-service solutions can help to reduce the workload facing IT departments by taking care of areas such as maintenance and security.