Common standards needed for open insurance Europe 2021

Published by Jennifer Rudden, Nov 29, 2023
The most important common standards needed for open insurance according to European insurance experts were guidelines for data handling and presentation. In a 2021 survey, 31 percent of respondents from the insurance sector in Europe highlighted the need for such guidelines to support open insurance. 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 selected common standards are needed to support open insurance in 2021

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Sources

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Release date

March 2022

Region

Europe

Survey time period

January to April 2021

Number of respondents

54 respondents

Special properties

representatives of key players in the European insurance market

Supplementary notes

Multiple responses were accepted. 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: “what functions and common standards are needed to support open insurance and how should they be developed? Please consider this both form self-regulatory angle and from possible compulsory data sharing angle.“
Missing percentage points to 100 percent are due to rounding.

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