“Open Insurance should bring an increase in innovation,” according to Sanjiva Perera, Managing Principal at Capco, a management and technology consultancy focused on the financial services industry.
He believes access to customer data will likely encourage new providers to enter the market and use their speed, agility and insights to create innovative new products and services that benefit consumers.
Perera noted: “There is no shortage of cheap capital looking to fund start-ups in a market that is ripe for growth, and the insurance sector is particularly attractive given its size and stability.
