What’s happening?

Zurich has launched Zurich eXchange, a worldwide marketplace for APIs that will collate services offered by the whole of Zurich Group.

15 business units from the insurer have already adopted the shared API management platform and currently allows for more than 63 million API-enabled transactions per month covering 1,433 managed APIs.

Also on offer are 50 open APIs for customers, distributors and partners who can interact with the company digitally and embed any new Zurich products into their own channels.

What the key players said

Ericson Chan, Group Chief Information and Digital Officer at Zurich, said, “The launch of Zurich eXchange marks an important milestone: it enables partners and business to seamlessly integrate with our products and services, and promotes innovation to deliver real value for our customers.”

Frank Verkerk, Zurich’s Group Chief Platform Officer, said, ““While APIs aren’t new, Zurich eXchange demonstrates Zurich is serious about doing digital business. By collecting our APIs in one place, they can be shared more effectively both across Zurich and with our customers and partners,”

Source: https://fintechnews.ch/insurtech/zurich-insurance-launches-global-api-marketplace-with-50-open-apis/56352/

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