In the past, we have spent numerous hours gathering, sending and sorting data. With API, we no longer need to clean the data. Instead, it automatically feeds into our risk management system in real time. We can then, without a time-consuming exercice, share accurate data with various stakeholders.

My wish for collaborating with insurance carriers in future must include technically automated data exchange…. An API for insurance data... would lead to efficiency gains and cost savings. Error prone manual data transfers or misinterpretations would be minimized.

With API, almost all risk engineering data points are integrated into our risk management information system. I am now able to click a button and easily run a report with our most up-to-date risk engineering visits. We also track our claims within our RMIS, so we are able to easily cross reference risk engineering visits and improvement actions to claims activities.