Build vs. Buy

The build vs. buy decision is becoming more complicated as more options enter the market.

The key question is: do we build a custom solution, or is there a suitable option already available on the market?

Traditionally, insurers have had to choose between building, which offers more control but comes with greater expense and risk, or buying a solution that can be implemented quickly but offers less customisation.

In an increasingly complex insurance landscape, this decision extends beyond just technology.

It's vital for insurers to evaluate their current underwriting strategy and determine where they stand in their underwriting journey.

Off-the-shelf solutions may lack the required specialisation, while low-code or self-build options may introduce additional complexity.

Download to see how we think about build vs buy.