Question
Background scenario: Arch Insurance has decided for global expansion, targeting the EU, Australia, Japan, China, and India (also its North American markets) for significant investment.
Background scenario: Arch Insurance has decided for global expansion, targeting the EU, Australia, Japan, China, and India (also its North American markets) for significant investment. It wants to hire additional staff globally and wants to leverage artificial intelligence by outsourcing following : 1. mission-critical functions to specialist organizations 2. claims processing function and all supporting technology to another company, based in Australia. Arch Insurance wants to adopt a cloud first approach and migrate its systems and technology and is looking for providers who can manage customer data.Arch Insurance wants to leverage Infrastructure as a Service (IaaS).
Q1. outline -a strategy report for the Arch Insurance board explaining the impacts of regulation on expansion plans, and to offer recommendations to address any issues or risks, particularly with outsourcing and the move to enterprise cloud computing.
Q2: explain how the Arch Insurance should prepare appropriate security to mitigate greater risk of moving its IT operations to the cloud Q2. what are possible updates to Arch Insurance EA to reflect its global expansion plans? and to be compliant with regulations like CCPA, GDPR, and data localization for the applicable countries (EU, Australia, Japan, China)
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