Open Finance and the Insurance Industry

Recently, open banking has enabled authorised third parties to access the financial data of individuals and businesses, to provide recommendations on products and services. The FCA is now looking at how this data sharing could help sell other financial products such as insurance. This is known as open finance.   But what impact could this have on the insurance industry?  Steph McGovern explores Open Finance and its impact on the insurance industry with:  Glen Clarke, Head of Transformational Propositions at Allianz UK  John Hallsworth, UK Management Consulting Executive from KPMG  Ben Howarth, Manager for Climate Change and Open Data Policy at ABI See omnystudio.com/listener for privacy information.