Transformative cloud computing trends reshaping the insurance industry landscape

Kathroju, Chandra Prakash (2025) Transformative cloud computing trends reshaping the insurance industry landscape. World Journal of Advanced Engineering Technology and Sciences, 15 (2). pp. 2828-2835. ISSN 2582-8266

Cloud computing has evolved from merely a cost-reduction strategy to an essential catalyst for innovation in the insurance industry. This transformation encompasses multiple technological dimensions reshaping how insurance providers deliver services and manage operations. Artificial intelligence and machine learning are revolutionizing underwriting precision and claims processing, while edge computing brings real-time analytics capabilities directly to data sources, enabling proactive risk management. Serverless architectures empower insurers with unprecedented agility, eliminating infrastructure complexities while enhancing scalability for mission-critical applications. Blockchain technology addresses longstanding challenges in multi-party transactions, introducing transparency and efficiency to processes ranging from policy issuance to claims settlement. As the industry matures in cloud adoption, hybrid and multi-cloud strategies are becoming predominant, offering flexibility, regulatory compliance, and enhanced disaster recovery. Specialized insurance cloud platforms like Guidewire are exemplifying how industry-specific implementations deliver advantages in implementation speed, analytical capabilities, and compliance management. These converging technologies collectively represent not merely infrastructure modernization but fundamental business model innovation that will define competitive advantage in the digital insurance landscape.