The vendor offers a cloud-based, comprehensive suite that goes beyond policy, billing, claims and data capabilities to serve as what CEO Chris Ewing calls a kind of “insurance company operating system.”
buy versus build
8 Focus Areas for Insurance Innovation—EY P&C Insurance Outlook
In order to retain market leadership insurers must create a culture of continuous innovation and seek to be digital leaders, according to Ernst & Young’s 2016 EY US property/casualty insurance outlook.
To Build or To Buy? 3 Keys for Insurance CIOs
Unfortunately, there is no algorithm or actuarial model that will give us the “right” answer and predict success, but insurers should consider The Three Pillars of prudent allocation of technology resources.