Mobility Group Kickoff Meeting

Admin — Wed, 19 May 2021 17:45:05 +0000

What a week we have in store for the community! We’ve got new members, an automotive development team, and researchers, all are already hard at work building special things.

Since Jan 2021, we have launched more than 15 projects. Some have been completed and others are ongoing and they include extensions to the data model to include more lines of business, data alignment projects and the development of MVPs and PoCs.

Let's add a reality check! From the smallest of startups to the largest institutions, data access, and more importantly, data usage has to be the single most defining factor in developing connected insurance and AI tailored solutions.

But that is not quite possible today, if you consider that only 32% of the data collected by insurers is being put to work. That is a whopping 68% that goes unleveraged!

We believe addressing the challenge of sharing access to data begins with educating people of the benefits of collaborative problem solving. OPIN's open innovation platform provides hands on opportunities for its members to work together on multi-months projects.

One such project is the data alignment and development of proof of concepts with leading automotive alliances. Today saw the kickoff of discussions to explore the approach and end goals for such partnership.

OPIN's Automotive Group is being led by Neil Walker. He is being assisted by Simon Hickling, Phil Chalk, Martin Dennehy, Kumar Maddali and Lennart Wulff.

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Open Insurance Blueprint

Admin — Sat, 30 Jan 2021 18:42:54 +0000

The first release of the blueprint has been the result of the collaborative effort of the OPIN community members. Collaboration characterizes the key value proposition of the whitepaper of the Open Insurance Initiative, and is something that OPIN will be exploring further with a range of new projects.

The OPIN blueprint will provide early adopters with a free and accessible data standard that scales in scope and one that fosters polygamous partnerships with myriads of ecosystems.

The working document is being made accessible to the largest possible audience embracing wider exploration and validation. Integrating the creative intensity of crowdsourced thinking provides continuity, generates trust and reinforces the horizontal context of value creation.

An approach of looking before leaping has been used in defining the data standard. The Motor line of business was used as a use case in the preparation of the fist iteration of the data schema. Readers will get a sense of the efforts made in studying evolving business models and the technological advances being deployed by the pioneers of insurance platform models.

Complementing these views, OPIN invites subject matter experts, established organizations, startups and stakeholders to enrich the standard that is under development with their views.

In producing this work, significant contributors included:

Anne-Sophie Morvan at LuxHub

Neil Walker at Covea

James Downes at The House of InsurTech

Esben Toftdahl Nielsen at Penni

Ingemar Svenson at IXT Global

Dimitry Mazur at Brokers Navigator

Fouad Husseini at OPIN

Please send your comments by email to connect@openinsurance.io before the end of March 31st, 2021 deadline.

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Open Insurance Standard Archives - Open Insurance

Mobility Group Kickoff Meeting

Open Insurance Blueprint