You’ve built your open-source model. Now what?
In recent years, the growth in the use of Python and other open-source tools by insurers has been unprecedented. And whilst the use of these tools can provide the flexibility and innovation insurers have been looking for across their pricing, underwriting and claims functions, there is growing recognition of the limitations in what they can actually help businesses achieve.
Added to that, there are significant risk and cost implications of developing and maintaining an in-house open-source solutions.
Tim Rourke explains how WTW is helping insurers harness the power of open source.