Baloise relies on open finance platform: insurance APIs for companies in the real estate sector

Baloise relies on open finance platform: insurance APIs for companies in the real estate sector

According to a report by www.moneytoday.ch, the insurer Baloise is diversifying by relying on an open finance platform and offering insurance APIs for companies in the real estate sector. This strategy aims to provide convenience to customers and expand the insurer's ecosystem.

Embedded insurance as a new trend in the insurance industry

The introduction of Insurance as a Service and the implementation of embedded insurance solutions for companies symbolize a new trend in the insurance industry. By integrating insurance products into companies' offerings and environments, customers can take out the insurance they want directly and without detours, which can lead to additional sales for companies and insurers.

Impact on the market and industry

Baloise's decision to offer insurance APIs via the provider Ndgit's open finance platform has potentially positive effects on the insurance market. By enabling online sales of construction insurance through third-party partners, the company creates additional opportunities to increase revenue. Additionally, expanding the home ecosystem is a strategic move to drive business growth.

conclusion

The implementation of open insurance APIs and the promotion of embedded insurance solutions show that Baloise strives to adapt to changing customer needs and expand its business potential. This strategic decision could represent a game-changer for the insurance industry and demonstrate that companies that adapt to new technological trends can remain competitive in the long term.