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Connected experiences through open insurance

11 MINS READ

Athmaraman Natarajan

Architect, Open Banking Group, BFSI, TCS

Highlights

  • After the success of open banking, many insurers are looking to adopt the open insurance and ecosystem model to enhance customer engagement and tap new revenue streams.
  • Observing the open ecosystem implementation of successful banking players will offer significant inputs and insights to insurers on how the open insurance concept will impact the future course of the insurance industry.  
  • To operate successfully, insurance companies will have to share data through APIs with ecosystem stakeholders and compete with digital disruptors.