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Regulatory demands for data are growing, while the volume of data insurers must sort through to comply is expanding exponentially. As a result, the essential insurer-regulator transaction continues to become more time-consuming, expensive and less effective.
But it doesn’t need to be. openIDL is here.
openIDL, an open source, distributed ledger platform, infuses efficiency, transparency and security into regulatory reporting: With openIDL, insurers fulfill requirements while retaining the privacy of their data. Regulators have the transparency and insights they need, when they need them.
Initially developed by AAIS, expressly for our Members, openIDL is now being further advanced by the Linux Foundation as an open-source ecosystem for the entire insurance industry.
Get the full benefits of openIDL and much more with
AAIS All-Access Membership.
Deployed for a COVID-19 regulatory data call, the openIDL blockchain/distributed ledger technology generated previously unattainable insights, quickly, while maintaining data privacy and security. The Proof of Concept successfully demonstrated that openIDL can dramatically improve both the output and process of insurance regulatory reporting for insurers and regulators.
For more information, read the Press Release and Proof of Concept report below.
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Explore what openIDL can do for you.
Comply with regulatory reporting requirements most efficiently while keeping data private and in your control.
Gain targeted insights into exposures, market activity and trends far more easily and in a neutral, trusted environment.
Industry stakeholders can access valuable resources, knowledge, and tools that enhance industry offerings and innovation.
openIDL: POC Report on NAIC COVID-19 Data Call
AAIS VP & General Counsel Robin Westcott presented the results of a Proof of Concept (POC) testing whether openIDL could support a COVID-19 Business Interruption Data call issued by the NAIC. Here are highlights from Ms. Westcott's presentation of the positive findings, declaring that Distributed Ledger Technology had passed the test enroute to even broader applications across the industry.
When data becomes actionable insight, we all win.
See how openIDL benefits carriers, regulators & the insurance community.
Ask openIDL – and get answers and insights. Streamlined regulatory reporting. Efficient, accelerated product development. And more.
All with permission-controls and gold-standard cyber protection keeping data secure.
openIDL: Building the Road to Modern Insurance
openIDL: Building Tomorrow's Insurance Ecosystem Today
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Explore openIDL, the Open Source Platform.
Report Highlights: openIDL Passes COVID-19 BI Data Call Test
On Aug. 16, at the 2021 Summer National Association of Insurance Commissioners (NAIC) National Meeting, AAIS VP of Government Affairs, Legal & Compliance, Robin Westcott, presented the results...
Examining the Evolution of Blockchain Applications in Insurance
Blockchain started as a popular buzzword among techies but has since permeated across industries. In insurance, its potential is being realized as game changing. Truman Esmond, AAIS Vice President of...
openIDL COVID-19 Pilot Huge Success, Delivers First-Ever Insights
AAIS conducted a Proof of Concept (POC) using the open Insurance Data Link (openIDL) for regulatory reporting. The results demonstrated that this blockchain/distributed ledger technology can...
openIDL Elevates to Linux Foundation Project
AAIS CEO Ed Kelly opened the April 13 edition of AAIS Pulse newsmagazine with an exciting announcement: AAIS has launched openIDL as a Linux Foundation project. The Linux Foundation is the preeminent nonprofit consortium...