FRIDA stands for “Free Insurance Data Initiative”. As a supplement to existing “data exchange formats” such as BiPRO and GDV, they are creating the basis for the emergence of digital ecosystems – in the spirit of “Open Insurance”. The goal of FRIDA e.V. is to develop standardized interfaces and to offer them directly not only to insurers, but also to third-party providers and customers – similar to what is already possible in Open Banking or in the context of PSD2.
Why did you decide to become a member?
FRIDA and InsurLab have been working together for over 2 years. At the beginning of the FRIDA initiative, InsurLab was an important sparring partner for us, not least because of its broad network. However, from a pure sparring partner this very quickly developed into a close cooperation and a strategic partnership. Today, we maintain a friendly relationship and promote each other – so it was obvious to “seal” this and to conclude a mutual membership.
What topics are important to you?
We have a passion for “Open Insurance” and believe that collaboration and networking are key success factors. Networking and collaboration are also other points that InsurLab Germany and FRIDA have in their DNA. FRIDA is a strong advocate for true customer centricity. As consumers, we feel the same way: I want to record my insurance policies digitally and use them in various services, such as digital contract folders. Or I would prefer to import my insurance policy data for my tax return instead of having to type it out by hand. The EU wants to strengthen the data sovereignty of its citizens. This is exactly where FRIDA comes in, creating standardized, open interfaces to enable new use cases (e.g. pension cockpits and multi-insurance managers) and increase the benefits for insured persons.
What do the topics of sustainability, business model expansion and digital transformation mean to you?
Insurance – apart from some insurance assets – can be very digital. Data streams regulate payment, risk assessment, and claims processing. Insurance is therefore predestined to benefit greatly from digital transformation. In the life cycle of customers, many things are still analog or hybrid. Contracts and contract management can be made very sustainable in many respects with minimal effort. And the expansion of business models can no longer be stopped by interoperability – this will provide a great deal of impetus for the insurance industry.
In which of our activities do you plan to get involved?
We’ve heard that the barbecue on your roof terrace is great. In addition, you also have special drinks in Cologne, where we want to continue to actively participate after good meetings and exchanges.
Sebastian Langrehr is Chief Sales Officer at Friendsurance and responsible for Market Strategy & Sales with banks, insurance companies and fintechs. In addition, he is involved in the insurance industry as a member of the Bitkom working group and as a co-initiator and board member of the Free Insurance Data Initiative (FRIDA).
Julius Kretz is Head of Marketing for Systems & Platforms at ALH Group. Here, he is responsible for the financial home platform “fin4u”, the content management system and the group’s end customer closing lines, among other things. Digital business models and customer-centric services and processes are his passion. Therefore, he is also involved in the context of Open-Insurance as an association board member and co-initiator at FRIDA e.V..
Slobodan Pantelic is Head of Technical Integration / Connection Management and Sales Portals at HDI Vertriebs AG. He is responsible for the external APIs in the direction of sales partners or platforms as well as their integration and the provision of sales portals. Due to his many years of experience in these areas, he is passionate about APIs and networking across multiple system landscapes. He fulfills his passion as a board member of FRIDA e.V. and enjoys helping to develop the use cases.