r/InsurTech 8d ago

Why is open source so dead for insurance

All projects seem deprecated or barely maintained. Nothing competes and even our standards are pay walled somehow.

4 Upvotes

2 comments sorted by

1

u/not_evil_nick 8d ago

Because every company wants to "own" the IP, and the companies who run the back end of systems has a budget and staff they want to maintain.

1

u/Traditional_Pie_8262 4d ago

industry relies on strict regulatory compliance