The Case for Open Insurance Data Standards

Why the Property and Casualty Insurance Industry is Creating New Open Standards for Information Exchange The property and casualty (P&C) insurance industry is at a critical juncture. For decades, insurers, reinsurers, brokers, and third-party vendors have relied on proprietary data formats resulting in limited agility, inefficiencies, and increased costs. In an era where data is the cornerstone of competitive advantage now for every industry, these legacy constraints are no longer sustainable.