Cloud computing and Solvency II

The computational requirements of Solvency II are driving the need for more computing power and data storage to be accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementations, while others are taking a more cautious approach, waiting for the industry to address key issues such as security concerns. This survey of insurance risk practitioners, sponsored by IBM, reveals how ‘cloud-ready' the industry is and the extent to which cloud computing is a part of firms' implementation strategy for Solvency II