MSIG has partnered with InsurTech platform Anapi to bring insurance protection to the digital ecosystem.
The companies are looking to develop insurance solutions and support digital partners through integrated APIs. MSIG hopes this will help it expand its offerings into new mobile applications, digital experiences and business models.
Anapi’s API hub will serve as the in-between for MSIG and the digital partners.
By using this API method, partners will be able to test and embed insurance propositions with their services within days rather than months. Alongside this, businesses will be provided with services such as machine learning data analytics and process automation.
The two companies work together to build insurance products which can be customised and integrated with digital partners.
To celebrate the partnership, MSIG is launching a flight delay insurance product through a digital partner’s travel assistant app. Through the solution, users will be able to buy flight delay insurance cover to Bangkok, and if the flight is delayed by at least an hour, claims will be automated.
MSIG Insurance CEO Michael Gourlay said, “Our collaboration with Anapi, who are at the forefront of InsurTech, will reshape how personalised insurance as smart contracts can be offered and easily integrated with digital services. Adopting new plug-in technologies such as APIs will enable us to provide an Always-On service and embed insurance into the digitally enabled ecosystems.”
Anapi is an insurance API developer which helps insurers to improve their online workflows and improve their scalability.
Copyright © 2018 FinTech Global
