Tag Archives: disruptive technology

Considerations based on EIOPA’s guidance on cloud outsourcing

As part of a holistic digital transformation, insurance and reinsurance companies can enhance their businesses by adopting cloud services. With that scope in mind, the European Insurance and Occupational Pensions Authority (EIOPA) recently published a consultation paper providing guidelines for insurers outsourcing to cloud service providers. These guidelines will affect all outsourcing arrangements entered into or amended on or after 1 July 2020.

In the paper “EIOPA’s guidance on cloud outsourcing,” Milliman consultants explore the implications for firms and discuss some relevant information technology (IT) considerations. The paper also provides a checklist of the steps firms need to consider before, during, and after engaging in an agreement with a cloud service provider.

Reinventing insurance with technology

Today, forward-thinking firms are leveraging technology in astonishing new ways that promise to transform the insurance industry. The data-fueled tech revolution is not only driving the creation of more relevant and innovative products and services, it’s also completely redefining the customer experience.

Milliman professionals work with both startups or traditional enterprises looking to connect with new consumers.

To learn more, watch this short film.





The new ABCs: AI, Blockchain, and the Cloud

Insurance customers expect personalized, agile, and on-demand delivery from carriers nowadays. Insurers must keep up with technological advances and implement them to provide solutions that address these expectations. In her Best’s Review article “Mind your ABCs,” Milliman’s Pat Renzi explores why insurance companies must center their strategic initiatives on using emerging technology like artificial intelligence (AI), blockchain, and the cloud. She also explains how partnerships that feature diverse experts will see faster, smarter, and more successful disruption.