[ad_1]
The American Association of Insurance Services also refers to AAI, is currently the only national insurance consulting company that is not for profit.
They went on to announce their second release of openIDL, which is a blockchain platform that has been designed with some additional features, is the kind of appropriate communication skills that have been designed specifically for insurance regulators, there will also be an improvement transparency of data calls in the platform, enriched core data sets and the best blockchain data architecture you can find on the market.
What is OpenIDL?
OpenIDL has been designed as an open network of blockchains that will be able to make secure, efficient as well as permission-based sharing that can be used in statistical data between market regulators and insurance companies.
With the new version of openIDL, the AAI will be able to release a more user-friendly platform that has been improved with the necessary performance that will be able to quickly invite a certain participation and be able to improve the experience that every user will get.
This is not all, as OpenIDL is also enriched with some added data that has been gathered from over two million homeowner policies and continues to touch the AAIS data lake to ensure they are able to link the available statistical data with the third party data providers and services.
As a result, this will be able to create an environment that offers better data quality, new operational capabilities, sensational visualizations and timely insights. You will also be able to receive up-to-date information covering risk contexts; they are similar to municipal, meteorological or satellite data only.
There is more transparency and integrity that is offered
With this information provided in a timely manner will allow member carriers to have a better understanding of the impact potential, the overlap of historical data and the validation of existing data. With all of this, they will be in a better position to manage the company's books, linking operating systems and partners appropriately.
Regulators in the market are now able to publicize a draft of data and be able to invite public and anonymous feedback from the communities around openIDL. With the new reporting capabilities, it will be able to facilitate greater transparency, integrity and still be able to protect the privacy of carriers who are distributing data.
Expect a lot because the development will also include new support for private data collections, a feature that will allow organizations to easily upload additional data they might have on their openIDL peer node.
All this has been done to ensure the maintenance of data integrity together with internal and secure reuse when it comes to operational integrations; all this will be done without the risk that the data can be exposed to the outside of the organization.
The AAIS has also taken on the development of openIDL as a natural extension of their role as consultant and statistical agent that marks the needs of participating carriers together with the insurance regulators on the market.
[ad_2]Source link
