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craig

Apr 28
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A Future-Proof Standard For Insurance Data Interoperability

By Paper

A Future-Proof Standard For Insurance Data InteroperabilityUnlock the Future of Insurance with Standardized Data Protocols

In an industry where data is everything, inefficiency caused by fragmented systems and inconsistent data standards has long held back innovation. The openIDS initiative is here to change that. By introducing a revolutionary framework for data interoperability, this open-source approach promises to streamline processes, reduce operational costs, and foster collaboration across the insurance ecosystem.

The first whitepaper in this series, “The Case for Open Standards” is also available for download.

Download Whitepaper

Apr 28
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The Case for Open Insurance Data Standards

By Paper

The Case for Open Insurance Data Standards

Why the Property and Casualty Insurance Industry is Creating New Open Standards for Information Exchange

The property and casualty (P&C) insurance industry is at a critical juncture. For decades, insurers, reinsurers, brokers, and third-party
vendors have relied on proprietary data formats resulting in limited agility, inefficiencies, and increased costs. In an era where data is the cornerstone of competitive advantage now for every industry, these legacy constraints are no longer sustainable.

A shift toward open data standards presents a transformative opportunity. By collectively building and widely-adopting a universally accepted, non-proprietary framework for data exchange, the industry can enhance interoperability, streamline operations, and accelerate innovation. This white paper explores why the adoption of open standards is not just an option — it is an imperative for the future of insurance.

The second whitepaper in this series, “A Future-Proof Standard for Insurance Data Interoperability” is also available for download.

Download Whitepaper

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