Russian insurers, intermediaries discuss API integration

The Digital Tools for the Development of Insurance Product Partner Sales roundtable was held in Moscow, a first-ever discussion between insurance companies, intermediaries and IT experts in the country. The roundtable was held to discuss how API integration could be leveraged to:

  1. increase the speed of consumer integration into insurance systems,
  2. accelerate the introduction of new products into the market,
  3. boost insurance sales and
  4. reduce operational costs.

Participants at the roundtable believe that technological solutions are not only important for accomplishing these goals but also for survival in an increasingly competitive market space.

In total, 60 representatives attended the roundtable, including representatives from brokers, car dealerships, online aggregators, various marketplaces and airline sales services.