openIDL
open Insurance Data Link (openIDL) is the first blockchain platform that enables efficient, secure, and permissioned-based collection and sharing of statistical data. AAIS first developed openIDL to help streamline regulatory reporting. openIDL’s shared ledger provides transparency in regulatory reporting and eliminates the need to reconcile disparate ledgers. Secure, permissioned smart contracts provide more control over data, so insurers share only the data they want to share with parties they want to share it with. Regulatory reports can be automated, virtually eliminating stale data and time-consuming data calls. Open-source interoperability supports cross-industry, cross-platform integration to optimize data sharing and utilization.
Features of openIDL:
- Creates opportunities and advantages to automate claim functions.
- Automates claims payments between parties.
- Streamlines regulatory reporting.
- Provides expertise and insights that enhance accuracy and efficiency.
- Helps lower administrative costs.
As a Linux Foundation project, openIDL benefits from the leading technology organization dedicated to building sustainable ecosystems around open-source projects. Together, insurance carriers, regulators, and partners collaborate to ensure data privacy and create positive change in the insurance community as a whole.
Find out more about The Linux Foundation Project.
Your openIDL Team
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Ken Sayers
Vice President of TechnologyAs the Vice President of Technology, Ken oversees software development, infrastructure, and all...
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