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Insurances

Realising Open Insurance

Digitalisation has also reached the insurance industry. Open insurance describes the open and standardised exchange of insurance-related data with the help of APIs, where consumers have control over their data. The aim is to promote innovation, develop new business models and improve the customer experience in the insurance industry.
Future-proof APIs for the digitalisation of the insurance industry

Win-win for insurers and customers

Open Insurance confronts insurers with complex challenges that require both technical innovation and cultural change. The implementation must develop secure and compatible APIs while ensuring data protection. Insurers must overcome their traditional reluctance to share data and modernise outdated systems. Innovative solutions can simplify policyholder onboarding and enable access to financial data. Ultimately, the aim is to increase efficiency and improve the customer experience through more accurate risk assessments and personalised products.

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About Qwist

We are a leading technology and solution provider for Open Finance

Learn more about Qwist

125+

customers

BaFin

regulated

120+

employees

Our tools for a scalable, secure and future-proof Open Insurance concept:

Our ndgit Open Banking Suite includes solutions for insurance companies that need to offer Open Insurance, API consent control and security. Our nrich Financial Data Suite includes products that enable you to get the most out of your customers’ financial data and ensure greater customer satisfaction thanks to a smarter onboarding process.

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Qwist products offer you the following advantages:

Secure and efficient API operation

Operate APIs securely and efficiently, even in high workload environments, with a centralised approach.

Resource efficiency

Our ready-to-use, modular products ensure fast time-to-market, minimise project risks and keep you up to date effortlessly.

Future-proof expandability

Flexible configurability enables both internal and external use of all open finance use cases via APIs, meeting upcoming regulatory requirements.

Ongoing risk minimisation

Proactive risk management by monitoring financial stability with real-time data for more than 180 days with a single authorisation (Consent).

Improved user experience

with fast, reliable and straightforward account access.

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Our solutions in practice

Get an impression of how our solutions prove themselves in day-to-day business:

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