What is open insurance?

Open insurance is a new way of doing business that enables insurers to boost revenues, increase efficiencies, gain business partners and reach many more consumers. It calls on carriers to exchange and use data and services from various sources and across numerous industries, as well as to offer up their data resources to other organisations. This enables insurers to develop new value offerings, produce new revenue streams, and strengthen customer connections. Source URL: - <a href="https://www.simplesolve.com/blog/benefits-of-api-ecosytem-in-insurance">What is open insurance API</a>