Key Levers for Sustainable Insurance IT
The Case for Cloud-Native, Multi-Tenant Insurance Core Platforms in Insurers’ Sustainability Agenda
About This Whitepaper
The insurance industry has recognized its profound responsibility towards environmental sustainability with major insurance groups committing to net zero targets. The underwriting and investment portfolios of insurers form a significant part of insurers’ climate and sustainability exposure and opportunity. Beyond that, insurers are scrutinizing and optimizing their own operational footprints to reduce greenhouse gas (GHG) emissions.
In today’s tech-driven environment, an insurer’s enterprise IT has become a key contributor to its Scope 2 and Scope 3 emissions. Insurance core systems, spanning from policy administration to claims to billing, as well as associated data and analytics infrastructure, comprise a key part of insurers’ enterprise IT. With business models becoming increasingly digital- and AI-first, the role of technology in insurers’ environmental footprints continues to rise.
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