Open Insurance

Open Insurance is an open-architecture approach to insurance that enables distributors to connect their technology environments to insurance infrastructure and access a broader range of investment solutions through interoperable systems. It requires infrastructure built for openness, interoperability and transparency.

Wealth managers, private banks and fintechs increasingly need insurance infrastructure that can integrate with their existing technology environments while supporting access to a broad range of investment solutions. A philosophy of openness requires infrastructure built for transparency.

Traditional insurance infrastructure was not necessarily designed for the level of interoperability expected from modern digital distribution. Legacy core systems can rely on proprietary architectures, fragmented workflows and manual processes. For distributors, this can create operational friction and require manual follow-up and error tracking instead of focusing on sales and advisory.

Open Insurance addresses this challenge by making openness part of the underlying architecture rather than simply adding a new user interface on top of existing systems.

Fixing fragmented distribution requires a new architecture rather than a better user interface layered over legacy systems. Quarzo Life is developing a Core Insurance System: an API-native technology backbone designed to integrate investment engines and support different investment solutions and flows.

Transparency is a technical property of this infrastructure. Operations and data flows are designed to be traceable and reconcilable, reflecting the principle of Reliable-by-design.

The Quarzo Life platform is designed to adapt to existing distributor technology environments without requiring them to replace their established workflows. Quarzo Life defines this approach as Interoperability-by-design. Distributors can connect through APIs and webhooks and manage operations through an actionable back office.

This approach is complemented by the Integrated Distributor Experience (IDX™), designed to connect the distributor’s environment with the underlying insurance infrastructure while allowing distributors to retain control of their tools and client experience.

Open Insurance also applies to investment architecture. Quarzo Life’s Best-for-Value Asset Architecture moves beyond a singular focus on cost towards a broader assessment of the net value delivered across a multi-asset-class portfolio. This architecture is designed to support a wider investment universe, including unit-linked investments (unités de compte) such as ETFs, private equity and structured products.

This architecture is associated with Quarzo Life’s Conflict-Free Investment Environment, an investment framework designed around greater transparency and visibility.

For wealth managers, private banks and fintechs, Open Insurance therefore means combining an open investment architecture with infrastructure capable of integrating into their existing technology environment.

At Quarzo Life, the Core Insurance System, IDX™, Interoperability-by-design, Reliable-by-design, Best-for-Value Asset Architecture and Conflict-Free Investment Environment form the technical foundation of this approach to Open Insurance.

Quarzo Life SA is an insurance company currently seeking regulatory approval from the ACPR.

Evaluate the API documentation and integrate Quarzo Life’s digital-native life insurance infrastructure into your distribution workflow.