Louise O’Shea: Open finance will empower insurers to innovate and meet customer demand

open finance, data

Mirroring the success of opening banking, open finance can help customers improve their financial health says price comparison website chief executive

The introduction of open finance will “enable insurers to better assess an individual’s insurance needs” and empower insurance businesses “to solve real customer demand and bring more innovation” to the sector, said Louise O’Shea, chief executive of Confused.com and non-executive director at CFC Underwriting.

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