Frequently Asked Questions
Here you can find answers to the most frequently asked questions. If you still cannot find the answer, please feel free to contact us.
What is the Insurtech Marketplace?
The InsurTech Marketplace is envisioned as a unified API store designed to accelerate digital transformation in the insurance industry. It aims to provide a complete ecosystem of verified insurance APIs, connecting insurance providers with solution providers via a standardized Unified API and simplifying the onboarding of InsurTech modules through an API marketplace interface.
What problem will this platform aim to solve for insurance providers?
The platform addresses challenges such as the fragmentation of integration standards, high implementation costs (which currently can take 6 to 24 months per project), and dependency on internal IT teams. It is designed to dramatically reduce compliance and technical burden, enhance interoperability, and future-proof insurance providers’ architecture.
What are the main components of the solution?
Our solution includes three main components: a unified integration layer (Unified API) for standardized communication, an API store for browsing and managing InsurTech services, and comprehensive security, compliance & monitoring features.
How will this platform aim to reduce time-to-market for new digital products?
The platform is designed to enable fast, low-code integration of services, reducing time-to-market from months to weeks.
Is this platform expected to help reduce integration costs?
Yes, it cuts integration costs by up to 70% by providing a unified integration layer and standardized processes.