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It's time to put the build vs buy debate for automated underwriting into perspective
Ensuring the move to automated underwriting serves both the business and its customers is a critical focus for many insurers. An early decision for many is: Should we build a system that’s bespoke to our business or should we buy an existing solution used by others in our industry?
The reality is, there are pros and cons to each.
- You may be able to build a solution around your specific workflows but can you hire and support the highly skilled team required to create it?
- You may buy a solution used across the industry but are you willing to change aspects to your new business processes to make it work?
- You may be able to create something that’s fit for purpose now but will you be able to continue development to take advantage of new innovations in areas such as AI?
To help put the decision into perspective, we’ve published a new guide—Automated Underwriting: Build vs Buy. In it, we outline the key trade-offs involved in both approaches and offer six questions to help you make the best decision for your business.
To get your free copy, simply complete the form on this page.
Complete this form to get your free copy of our new guide
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