Home Insights & Advice Why using cloud-based software for insurance will protect your business

Why using cloud-based software for insurance will protect your business

by John Saunders
15th Mar 19 10:04 am

The Cloud – you’ve probably heard about it already. After all, the entire internet has been raging about it in recent years. Many companies have migrated their activities and operations to the Cloud as well. Of course, they all have excellent reasons for doing so.

As an insurance company, you are not only responsible for keeping people’s futures safe. You are also responsible for keeping their personal data safe. They trust you for a reason. Ruining that trust only spells doom for your company. With all that being said, you need a sure-fire way to keep everything safe, secure – and well, insured.

And what else can you count on but The Cloud?

Many people can’t seem to grasp what The Cloud is, exactly. But they’re constantly using it; they just don’t know that they are doing so. Do my words make any sense? Anyway, many companies and websites have been utilizing the functions of Cloud. Google Drive, for example, is a cloud-based software.

Yes, you heard that right. The free 15 GB storage you receive from Google functions with The Cloud. This means that everything you upload into your online drive is stored in The Cloud system. So even if you’re oblivious about it, you have been – for a fact – using the virtual database. And it works pretty great right?

By now, you probably have a vague idea of how the entire thing works but let’s dig a little bit deeper now, shall we?

How does Cloud function?

When it comes to data storage, Cloud is the safest it can get. Sure, there were issues back in 2014 but the company has long redeemed its reputation by coming back better, stronger, and safer. While we wouldn’t go as far as say that Cloud is immune to all intrusive efforts, we can at least assure you that on a scale of 10, this virtual storage is guaranteed to keep your files safe 9.9 % of the time. And you definitely cannot find anything better than that considering the technology we have today.

The Cloud System is developed in such a way that it can retrieve your data no matter how many servers get destroyed. We call this “redundancy” and it helps keeps everyone’s data safe (Check out more info here: https://searchstorage.techtarget.com/feature/Redundant-cloud-storage-ensures-high-availability). Say that someone forcibly enters the Cloud system (but we really don’t see this happening again), it is still impossible for them to destroy the data completely thanks to this method we refer to as redundancy.

Now, another thing you must be wondering about is where The Cloud stores all of our data. It’s a virtual storage space, we all understand that much. But are we really made to believe that all of this data is just floating up there?

Well, that’s just not possible. Scientific probability would tell you that it’s simply impossible for something like that to happen. The only time that would be possible is when mankind manages to invent “nano servers” or something that is carried through the atmosphere. But hey, that really sounds like some sci-fi fairy tale – and I doubt any sci-fi writer would even consider including that ridiculously far-fetched tech in his storyline.

So, for a fact, we know that there are physical or tangible devices used to store data. These devices come in numerous units and are stored in what we term as “server farms.” These farms are scattered all across the globe – and Cloud-companies are building more as we speak. This means that when a catastrophe happens that results to the destruction of a server farm, your data is still safe and it can be instantaneously retrieved from another farm. Again, this is thanks to redundancy. There are innumerable back-ups for your data so unless the whole world gets destroyed, you can be sure that your data is safely tucked away in some other farm.

Now, going back to the primary question: Should You Use Cloud For Your Insurance Company?

The answer is obviously YES. And this is not just because of our selfish and baseless assumptions. There are many merits to switching to Cloud-based insurance software and here are just some of them:

Data remains safe

As an insurance company, it is your job to keep your clients’ personal information away from prying eyes. It is part of the confidentiality of your contract. Switching to a cloud-based system will definitely help ease your worries about information leaks and hacking possibilities. Also, you can be sure that your clients’ information will never be erased or tampered with unless you order it. No matter what happens to your hardware, you can be confident that all the important data is tucked away in a safer place.

Limitless storage

Unlike hard drives, cloud-based storage systems can hold limitless amounts of information – as long as you’re willing to pay for the premiums (which is still far cheaper than other alternatives). For less than a thousand dollars per month, you are allowed to store hundreds of gigabytes worth of information in these virtual databases. The Cloud is expanding each and every day. The company thrives to support the world’s growing need for virtual storage thus; they invest in new servers annually. We have long entered an age of information and the Cloud clearly addresses our need to sustain the world’s information in one place.

Ease of access

Another awesome thing about cloud-based insurance software is that you can readily access your files and data through any internet-enabled device. You can log into your account and retrieve the information you need through computer, laptop, tablet, or mobile phone. You can practically use any device as long as it has a stable connection to the internet. One of the major problems we encounter with hard drives is accessibility. If the drive is not in our possession, we have absolutely no way of retrieving important documents. Using Cloud, this problem is nothing but history. All you need to know are the log-in details and you can readily access the files you need anytime and anywhere.

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