Most European insurance experts believed that open insurance should be driven by both industry initiative and regulatory intervention in 2021. Approximately 48 percent of the respondents opted for a mix of both options, whereas only 17 percent were in favor of each of the individual approaches. Open insurance refers to insurance-related personal and non-personal data and is usually accessed and shared via APIs.
Share of European insurance experts who believe open insurance should be driven by industry initiative or regulatory intervention in 2021
representatives of key players in the European insurance market
Supplementary notes
The responses were published in the form of comments, which Statista then clustered and converted to numerical values.
The question was phrased by the source as follows: “do you think open insurance should be driven voluntarily by industry/private initiatives or driven by regulatory intervention?“
Percentage points exceeding 100 percent are due to rounding.
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Statista. (March 1, 2022). Share of European insurance experts who believe open insurance should be driven by industry initiative or regulatory intervention in 2021 [Graph]. In Statista. Retrieved October 02, 2024, from https://www.statista.com/statistics/1332161/open-insurance-industry-or-regulation-driver/
Statista. "Share of European insurance experts who believe open insurance should be driven by industry initiative or regulatory intervention in 2021." Chart. March 1, 2022. Statista. Accessed October 02, 2024. https://www.statista.com/statistics/1332161/open-insurance-industry-or-regulation-driver/
Statista. (2022). Share of European insurance experts who believe open insurance should be driven by industry initiative or regulatory intervention in 2021. Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/statistics/1332161/open-insurance-industry-or-regulation-driver/
Statista. "Share of European Insurance Experts Who Believe Open Insurance Should Be Driven by Industry Initiative or Regulatory Intervention in 2021." Statista, Statista Inc., 1 Mar 2022, https://www.statista.com/statistics/1332161/open-insurance-industry-or-regulation-driver/
Statista, Share of European insurance experts who believe open insurance should be driven by industry initiative or regulatory intervention in 2021 Statista, https://www.statista.com/statistics/1332161/open-insurance-industry-or-regulation-driver/ (last visited October 02, 2024)
Share of European insurance experts who believe open insurance should be driven by industry initiative or regulatory intervention in 2021 [Graph], Statista, March 1, 2022. [Online]. Available: https://www.statista.com/statistics/1332161/open-insurance-industry-or-regulation-driver/
