The "buy or build" conundrum remains central to many technology decisions made by insurers.
A new report from New York-based Novarica delves deep to examine the pros and cons of in-house development. The report, "Buy vs. Build in Insurance Core Systems," notes that the broad trend is for insurers to buy more and build less. “Although neither buy nor build can be all things to all carriers, the current trend has shifted significantly in recent years,” the authors, Novarica Principal Chad Hersh and analyst, insurance Kimberly Markel, write. “The packaged solutions market for insurance has expanded greatly in the last 10 years.”
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