Edelweiss General Insurance unveils India’s first Open API Gateway for Insurance products

Insurance

Edelweiss General Insurance (EGI) has launched India’s first Open API (Application Programming Interface) Gateway, for facilitating complete digital collaboration with its business partners. With this Gateway, EGI’s authorized partners will be able to easily integrate their systems with the company’s robust technology platform.

This will help further reinforce EGI’s linkages with both customers and partners.

Furthermore, this will enable EGI’s distributors to rapidly integrate available and new products and services, but also significantly bring down the cost of integration and retrieve information namely product premium, policy details etc., in real-time, which would help in reducing turn-around time for customers.

The Open API Gateway also focuses to ensure seamless and delightful experience to the end consumer. The collaboration will help in creating more choices for the consumer. According to the insurer, this will also be offering much better experience with regards to policy purchase, post issuance needs such as policy information updates, and claims.

Also Read: In 2021, we aim to introduce digital first products: Shanai Ghosh, ED & CEO, Edelweiss General Insurance

Shanai Ghosh ED & CEO, Edelweiss General Insurance, said, “APIs have become an essential element in today’s digital economy and are rapidly transforming the way we work. Our Open API Gateway is aimed to make API consumption easy in a self-assisted manner. It is our endeavour to strengthen digital capabilities of our partners, in a simple and effortless manner. We have provided a robust and comprehensive documentation of APIs, including example code samples, so our partners can get started within a matter of minutes with an easy sign-up process.”

mouse
mouse

The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.