Open Data for Insurance: APAC and Beyond

Open Insurance is defined as the open access and exchange of personal and non-personal data in the insurance sector. Open Insurance is the next logical step in the process of opening financial services towards a full cross-sector data sharing. Broadly, open data sharing will support insurers as they innovate along the traditional value chain, with data as the foundation.

Data exchange is not linear and tends to have cross-relations among different entities. Used effectively, we can expect an improvement in customer experience, and this should be the end objective of why open data is considered as a valuable resource in data initiatives.

We will provide an overview of open-data initiatives in the Asia-Pacific region and beyond, with use cases by governments, insurers, and insurtechs. We will also provide information on confidential computing as a technology to enable secure data sharing among entities. An appendix of related case studies and vendors is provided as well.