We are thrilled to learn that our article on Open Insurance was the second most read on InsurTechNews in 2018.
“The movement towards open APIs in insurance is in its infancy and I believe that much can be achieved by the industry without the heavy burden of additional laws or regulatory pressures.” said Fouad Husseini, founder of The Open Insurance Initiative.
As 2018 draws to a close, its important to look back at some of the main highlights since the whitepaper was published on August 6th.
During those short five months, The Open Insurance Initiative has taken big strides in driving its message home, that Open APIs are set to radically transform the insurance industry and the winning companies will be those that recognise and utilise its potential. We were honoured to have been chosen as finalist for an innovation award, we have joined forces with the largest UK insurer for the development of open APIs and more importantly, we’ve made so many friends across the globe.
There is plenty to do, the hallmark of the initiative will be its first class research which will continue into 2019 with a new comprehensive study. A careful and studied approach is necessary as we look forward to join forces with innovative insurers, expert developers and think tanks.
We wish everyone a happy new year.