Add definition what open-insurance is all about

[MarkusTiede]

First idea has been:

As a response to industry dynamics change in which traditional industry models fall away, Open Insurance refers to a business model within (re)insurance that allows flexible and efficient collaborative engagements with multiple participants. This includes:

1. The strategy and mindset to establish an ecosystem, as interconnected set of services, with third-party providers (potentially cross-industry) to enable flexible and efficient cooperation for the benefit of each participant´s final customer.

2. The use of Open APIs that enable third party developers to build applications and services around the financial technology of the (re)insurance company

3. The use of open source technology to achieve the above.

Close to Open Insurance is the idea of Insurance in a box which modularises the insurance company and opens it or parts of it through open interfaces to external partners to offer or buy services from external partners for the benefit of each participating party.

It promotes a vision of insurance being able to "plug & play" into business models of partners as part of their products / services as well as vice versa "easily plugging in" partners' services into the insurance service itself.

[ralfzurich]

In a page defining "Open Insurance", we should as well mention all other definitions that are available at the Moment, e.g. those of https://openinsurance.io/ and http://newinsurance.de/opencologne-api-auftaktveranstaltung/

[Alwin69]

The OPENCologne API initiative is crucial as the definition of a common set of Business APIs and 'appetite’ for API openness and API standardization is paramount to bring forward Open Insurance. Insurers need to address customer needs much more intensely and effectively as they did in the past (customer centric organizations).

[fouadhusseini]

We would like to propose a set of definitions as proposed in the latest whitepaper which is slated for publication within the next couple of weeks. It's a paper that was written to define and clarify the nomenclature of Open Insurance.

The paper is titled "Open Insurance: a foundation for ecosystems".

These definitions could form the basis of the Open Insurance lexicon.

Please note that the paper can only be circulated offline for the time being.

Fouad