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SAP Financial Services Industry Live: Cloud and AI Transform Insurance

Innovating Insurance

The Big Themes:

Cloud adoption challenges and benefits: Cloud adoption has been relatively slow because insurance companies and financial institutions tend to act conservatively, but now it's picking up. A core cloud enabler has been the need to standardize and centralize systems in order to increase speed, bring down costs, and bring in more data quality and transparency.

Generative AI integration: GenAI is the next step after the movement from on-prem to cloud is completed, although some companies have already begun integrating it. Gen AI, along with the cloud, will…

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