The move to the cloud has had a profound effect on all industries, and the Insurance sector is no exception. Insurance companies want to leverage the benefits of the cloud but security concerns and issues around data sovereignty are providing barriers and confusion. Sensitive internal and client data previously managed by in-house resources will now be handed over to a third party, which raises a host of new questions – What controls do they put in place? What if there’s a data breach by a rogue administrator? Can they uphold confidentiality commitments? Will the cloud provider be compelled to divulge client data as a result of a government request? How can encrypted data be moved between cloud providers?
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