PSD2 for insurance companies
HOW INSURANCE COMPANIES CAN BENEFIT FROM PSD2
The Payment Services Directive 2 was designed to encourage innovation and competition by opening the market to non-bank providers and to stimulate banks into developing innovative services offered outside traditional banking. Therefore it obliges the banks to give authorized access to their customer accounts for retrieving bank account data and to initiate account-based payments.
Using these new functionalities insurance companies are able to develop customer-centric products by accessing their customers’ bank accounts and payment information. The valuable information from an account can give insights to the insurer to make personalized offers to the customer and reduce costs by better risk management.
This brochure explains the context of PSD2 and describes some specific use cases related to the insurance market. The aim is to learn more about the advantages and new offerings and services to be created based on Access-to-Account.
Don’t miss the valuable opportunities provided by this brochure.
Fill in your details in the form below and download a free copy of the brochure: 'PSD2 opportunities for Insurance Companies’.