Cloud Economics: A Pragmatic Approach to Managing Cloud Costs

Increasingly, Aite-Novarica Group is in conversations that illustrate surprise and frustration with cloud costs.

November 30, 2022 – Most North American insurance companies are on a cloud journey, and virtually all of Aite-Novarica Group’s vendors are addressing this new reality. Consistent with other industries on cloud journeys, cloud economics is an increasing point of conversation with insurers. One outcome is that a new cottage industry is being created around reducing cloud costs and improving implementation efficiency. For optimal cloud economics, an insurance carrier must optimize the following three aspects: financial, operational, and cultural.

This Impact Brief provides senior IT leaders with pragmatic insights and actions for managing cloud economics. This research is based on the experience and observations of the authors. It is bolstered by the hundreds of conversations that Aite-Novarica Group has each year with insurers and leverages information gathered from our annual IT Budgets and Projects reports and additional cloud computing reports.

Clients of Aite-Novarica Group’s Life, Annuities, & Benefits or Property & Casualty service can download this report.

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