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Paul Latarche, CCO, Verisk Specialty Business Solutions
The answer to greater digital standardisation is already here, but one expert cautions against creating a ‘spaghetti junction’ of connections.
The growth of digital connectivity in the insurance market has brought with it an appetite for more granular data and greater standardisation of systems, which has arrived in the form of application programming interfaces (APIs), but the insurance market must avoid creating “a spaghetti junction of APIs”.
This was the view of Paul Latarche, chief commercial officer at Verisk Specialty Business Solutions, speaking to Intelligentinsurer.com, the website and digital hub for news, interviews, analysis and debate.
“It’s been an interesting two years with the pandemic and people becoming more digital out of necessity, as well as the drive towards that we’ve all had,” said Latarche.
Verisk Specialty Business Solutions, Sequel6, Technology, API, Digital, Insurance, Reinsurance, Paul Latarche, London, UK