Step into the future of insurance ecosystems with the groundbreaking Dynamic Data Exchange (DDE) initiative at LIW 2025. This transformative event invites you to discover the revolutionary capabilities of Open Insurance APIs, enabling seamless connectivity and functionality across various platforms.
Experience the power of real-time IoT data integration, which allows for a more dynamic and responsive approach to risk management and customer service. Additionally, explore advanced data aggregation platforms that consolidate information effortlessly, providing a comprehensive view of customer needs and preferences. Engage in insightful discussions around effortless embedded insurance collaborations that are reshaping the landscape of insurance offerings.
Learn how fluid, secure, and consent-based data exchange is not only dismantling existing barriers but also facilitating hyper-personalized solutions tailored to individual clients. This innovative approach is opening up fresh distribution channels and driving the next wave of data-driven insurance services, paving the way for smarter and more efficient industry practices that prioritize customer experience.
In the DDE Innovation Zone -The Pure Play Showcase
Open Insurance API Sandbox
Interact with a developer-centric platform. Execute live API calls to a secure insurance sandbox—request quotes, access policy information, and initiate FNOL—showcasing standardized data exchange protocols.
IoT Data Integration Showcase
View a dashboard visualizing real-time data streams from diverse IoT devices: vehicle telematics, smart smoke detectors, leak sensors feeding into an insurance platform, triggering alerts or adjusting risk scores.
In the DDE Innovation Zone - The Pure Play Showcase
Data Aggregation Platform Demo
Discover how a platform securely integrates with various data sources, such as bank accounts through Open Banking, property databases, and credit bureaus. With user consent, it offers a consolidated view for underwriters or advisors.
Embedded Insurance Partnership Flow
Adhere to a visual flowchart and simulated screens showcasing a customer purchasing a plane ticket, who is effortlessly presented with the option for travel insurance, thanks to data being pre-filled through API integration between the airline and the insurer.
On the DDE High-Impact Stage
- Keynotes: Hear from leaders driving ecosystem change on "Open Insurance: Moving Beyond Concept to Creating Tangible Value through API Ecosystems,"
- Discussions: Address critical strategic questions in sessions like "The Data Dilemma: Balancing Innovation, Competition, and Customer Consent in a Dynamic Data Exchange World" with Chief Data Officers, Regulators, Aggregators , and Broker representatives.
- Showcases: Learn from successful collaborations: "Partnership Spotlight: How organisations have Leveraged APIs for Seamless embedded Insurance Distribution" featuring leads from both firms.
In the Executive Deal Rooms
Ecosystem Building: Finalize integration agreements. Example: A comparison website Business Development Lead meets with a major insurer's Head of Digital/Distribution and IT Leads to establish deeper API integration for real-time quoting and policy fulfillment.
Within the Interactive Living Labs
See DDE Converge: Experience DDE as the data pipeline connecting pillars:
- Lab 1 Parametric Climate: DDE provides the real-time climate data feed.
- Lab 2 Privacy Pooling: DDE provides the API interface for secure data upload.
- Lab 3 Sustainable Claims: DDE handles photo uploads and API lookups for green repairers.
- Lab 4 Green Asset Verification: DDE facilitates input of asset details and data retrieval.
- Lab 5 Embedded UBI: DDE delivers the telematics data stream and presents the embedded offer.
During Regulatory & Standards Dialogues
Focused Discussions: Explore the frameworks needed for a thriving data exchange ecosystem:
- What specific data sets should be mandated under an Open Insurance framework?
- How should liability be apportioned in case of data breaches within an API ecosystem?
- What are best practices for secure API design and third-party provider (TPP) vetting in insurance?
Why DDE Matters for Insurance
Within the Interactive Living Labs
- Hyper-Personalization: Access real-time data for tailored products and pricing.
- New Distribution Channels: Enable embedded insurance and seamless partner integrations.
- Enhanced Customer Experience: Offer frictionless onboarding and servicing via APIs.
- Richer Risk Insights: Integrate diverse data sources (IoT, Open Banking) for better underwriting.
- Ecosystem Innovation: Foster collaboration and co-creation of value with third parties.
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