Insurers grapple with a crucial choice in fraud detection: building in-house tools or investing in AI vendors. Key factors like total cost of ownership, integration complexity, and scalability influence this decision.
This infographic reveals commonly overlooked elements such as data privacy, ethical concerns, and unforeseen challenges that can lead to hidden expenses. Partnering with industry experts provides access to invaluable knowledge and insights. AI solutions are paramount in tackling complex cases, but informed choices are vital to maximize their benefits and streamline operations in the insurance industry.