Open Insurance
Or Open Insurance System, is the possibility for consumers of insurance products and services, open supplementary pensions and capitalization to allow the sharing of their information.
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Allows the sharing of information between different companies authorized/accredited by susep .
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Safety first . Open Insurance acts in a way that operationalizes and standardizes the sharing of data and services through openness and integration of systems with privacy and security.
Talking about Open Insurance
Definition
Open Insurance, or Open Insurance System, is the possibility for consumers of insurance products and services insurances , welfare open complement and capitalization allow to share your information.
The information is shared between different companies authorized/accredited by SUSEP, in a secure, agile, precise and convenient way. To deliver these benefits to the consumer, Open Insurance operationalizes and standardizes the sharing of data and services through openness and integration of systems, with privacy and security.
Consent to sharing data and services
The sharing of personal data of customers or services within the scope of Open Insurance depends on the prior consent of the respective customers. Consent must be characterized as a free, informed, prior and unequivocal expression of will, made by electronic means, whereby the customer agrees to the sharing of data or services for certain purposes. Important: Phase 1 of Open Insurance does not involve sharing customer personal data.
Governance Structure
The regulation provides that a governance structure to be responsible for Open Insurance must be established by 09/03/2021 initially and by 10/31/2022 definitively.
The governance structure will consist of at least three levels:
- -Strategic, integrated by a Deliberative Council;
- -Administrative, integrated by a Secretariat; and
- -Technical, composed of Technical Groups.
Solutions
Open Insurance System
Comparadores e marketplaces
It will be possible to develop applications that compare products from different insurance companies in one place, so that citizens can make more informed choices, and can even use their personal data to define products that are more in line with their profile, if they wish.
Diverse applications and solutions focused on innovation
New technological solutions may emerge to meet the needs of consumers, for example, aggregation of information related to financial life in different financial institutions, including insurance, supplementary pension and capitalization products.
Initiation of services related to insurance and pensions by digital means
Services such as notice of claims (reporting an occurrence covered by insurance), pension portability, among others, can be done in a simpler way, by digital ways.
Open Insurance Implementation Schedule
Phases
Phase 1
Starts: Dec/2021
The end: Jun/2022
- -At this stage, the service channels that will be responsible for the initial communication regarding the sharing of personal data are provided
- -All available products are selected
Phase 2
Starts: Sep/2022
The end: Jun/2023
- -Complete registration of customers and participants
- -Customer movements related to products
- -Records of electronic devices
Phase 3
Starts: Dec/2022
The end: Jun/2023
- -Access
- -Modifications
- -Rescue or portability
- -Claim Notice
- -Others...
The information and opinions contained herein do not reflect the position of any financial companies or institutions to which the participants or creators of the openB portal are linked or associated with.