
Why Insurance Companies are Choosing Hosted Cloud
The idea of insurance companies as old-fashioned enterprises with rows (upon rows) of filing cabinets underneath buzzing fluorescent lights is no longer valid. That’s because today, insurance companies are embracing technology-led solutions — and a core solution is a hosted cloud phone system. Here are the key reasons why: Dramatic Cost Savings The most important advantage of hosted cloud is the cost savings, which can be anywhere from 20% to 50% (or more) each year. There are no CapEx costs, or ongoing maintenance, support, or upgrade costs. Aside from affordable licenses, the only up-front (and minimal) expenditures are IP phones,