Insurers publish views on a possible open finance framework


Insurance Europe has published a position paper on a possible framework for open finance.

The paper highlights some of the important considerations for the development of a sound and effective framework.

These include the need to ensure fair data sharing based on a true level playing field, as well as the need to ensure consent-based sharing of consumers' data and the need to avoid a copy-paste of the PSD2 framework to the insurance sector.