'Open insurance’ is a new way of doing business by sharing and consuming data and services with third parties by using application programming interfaces (APIs). It offers insurers the opportunity to enhance their products and increase revenue streams.1. Better digital customer journeys2. Improved customer engagement with integrated CRM3. Enhanced risk management in insurance4. Increase in partner ecosystems across industriesVisit our website to know more about Befits of open insurance. I have written in depth on this topic.Source URL: - https://www.simplesolve.com/blog/benefits-of-api-ecosytem-in-insurance
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