Why Cloud Technology is the Smart Choice for Brokers
- Nov 20, 2024
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Kathryn McClunie, Business Development Manager, JAVLN
The insurance industry is evolving rapidly, propelled by increasing compliance demands, heightened customer expectations, and the need to maintain profitability. Brokers, especially those still tied to server-based systems, are feeling the pressure to adapt. These systems act as a business anchor, requiring constant maintenance, costly upgrades, and on-site management. Is it time to consider a smarter solution—cloud technology?
Server vs. Cloud: What’s the Difference?
Let’s start by defining the two. Server-based systems, also known as on-premise solutions, require physical hardware located at your office, along with ongoing maintenance, IT support, and a significant upfront investment. While this approach was once the standard, it’s now considered outdated, less flexible, and more resource-intensive.
Cloud-based technology, on the other hand, is hosted by the software provider and accessed via the internet. With cloud, there’s no need to worry about hardware, manual upgrades, or in-house IT support. Plus, the subscription-based model makes it easier to budget, as you pay for what you need without large initial costs. Best of all, you can access your data from anywhere, making it perfect for hybrid work environments or teams spread across multiple locations.
Why Are Brokers Moving to the Cloud?
From my experience, brokers aren’t just searching for a new system; they’re looking for a full business transformation. Here’s why many are making the leap:
- Enabling remote work so you and your people can work from anywhere: cloud technology allows you to work from anywhere, any time.
- Working more efficiently by digitising your processes: Say goodbye to time-consuming manual tasks. The cloud offers automated workflows and seamless integrations that save time.
- Scalability: Unlike servers that are rigid and costly to upgrade, cloud solutions scale with your business needs. Whether you’re expanding or downsizing, you can adjust your cloud resources easily.
Cloud technology isn’t just a trend; it’s reshaping how businesses operate in an ever-changing environment.
The Evolution of Technology for Business
The evolution of technology isn’t just about the latest smartphone or gadget; it’s critical for businesses to modernise their systems with cloud technology to ensure you’re not left behind.
A Customer-Centric Approach
Cloud adoption isn’t just about having the latest technology; it’s about transforming the way you serve your clients. By reducing admin tasks and providing easier access to client information and data, cloud technology enables a more client-centric approach that puts clients at the heart of everything you do.
Discover a secure, compliant, cloud-based policy management solution designed specifically for brokers to run their business more efficiently.
Cyber Liability Insurance is designed to help protect you from claims and support your profitability in the event of a cyber breach or attack.
Public Liability insurance is there to provide protection if someone makes a claim against the insured, the business or its employees.
Cloud adoption isn’t just about having the latest technology; it’s about transforming the way you serve your clients. By reducing admin tasks and providing easier access to client information and data, cloud technology enables a more client-centric approach that puts clients at the heart of everything you do.
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JAVLN
Gaining a Competitive Edge
Staying current with tech advancements gives a competitive advantage by boosting productivity, supporting remote work and future-proofing your business against technological obsolescence.
It’s time to move beyond outdated server-based systems and explore the possibilities that cloud technology offers. Make the smart choice and future-proof your business today.
Join the ranks of successful brokers embracing the cloud with JAVLN. Contact us today to learn more or book a demo and discover how we can transform your brokerage.
General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.
All information above has been provided by the author.
All information above has been provided by the author.
JAVLN, ABN 633801519
This article originally appeared on JAVLN website and has been published here with permission.
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