Platforms and Open Finance for Credit Insurers

This document is a market analysis thought piece that discusses the opportunities and challenges that platforms, embedded finance, and open finance present for credit insurers. It outlines the recent trend of corporates and financial institutions increasingly adopting various types of platforms, including marketplaces and blockchain-based solutions. The text highlights the integration challenges faced by platform builders and credit insurers due to the lack of standardized APIs, which complicates partnerships. Additionally, it addresses how credit insurance is evolving by combining distribution channels and utilizing previously inaccessible data. The document also notes the growing importance of digital identity and regulatory changes, such as mandatory electronic invoicing in France, which will impact credit insurers. It emphasizes the potential for credit insurers to expand their customer base by leveraging platforms to reach SMEs and suggests that success will depend on tailored marketing strategies and innovative underwriting approaches.