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While the insurance industry doesn’t face regulation driving the use of open APIs, there are still many strategic advantages that they can offer.
Gartner writes, “open APIs represent a long-term strategic enabler for an insurer’s digital business technology platform vision that will underpin the development of new business models, products and services. Insurance CIOs who plan to invest in open APIs should learn from their banking peers’ experiences with open banking APIs.”
Download this Gartner Report for the five best practices from open banking, such as:
Read more about these recommendations by downloading the full report.
*Source: Gartner: 5 Best Practices Insurance CIOs Can Adopt From Open Banking Initiatives to Shape Their API Strategy, Sham Gill, 12 June 2020.
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