openIDL (open Insurance Data Link) is a permissioned blockchain network that streamlines regulatory reporting and provides new insights for insurers, while enhancing timeliness, accuracy, and value for regulators.
openIDL allows leveraging of private data of independent organizations for permitted, transparent and purposeful operations delivering specific value to participants and communities.
Why openIDL?
The insurance industry is long overdue for a shared standard. While most global industries have embraced open data standards to streamline operations and drive growth, P&C insurance has remained burdened by custom-built formats and siloed systems.
We’re solving this with openIDS — open Insurance Data Standards — a modern, consensus-built framework for secure, scalable, and interoperable data exchange.
Why openIDS?
With openIDS, the industry gains:
- Vendor-agnostic, royalty-free standards
- Seamless interoperability across systems
- Faster, more accurate regulatory reporting
- A future-proof framework that evolves with technology and regulation
openIDL is a network, software and governance platform:
Enabling data privacy, control, quality and standards
For transparent, accountable, permissioned interactions
Across and within organizations, systems and communities
Cross-industry collaboration on a common problem:
Property & Casualty regulatory reporting
Fundamental, regulated, standardized data process for insurance
Between insurance carriers, state regulators and statistical agents
openIDL: governed, distributed, private, standard data network delivers:
Freedom, choice, efficiency and control for insurers
High-quality, timely information, enabling informed regulatory policy
A transparently-governed network of private, standard, protected data
Delivering aggregate insights and collaborative products to participants.