{"id":10371,"date":"2018-12-31T10:34:53","date_gmt":"2018-12-31T08:34:53","guid":{"rendered":"https:\/\/insly.com\/?p=10371"},"modified":"2022-05-18T13:48:29","modified_gmt":"2022-05-18T10:48:29","slug":"are-apis-in-insurance-essentials-for-insurers-and-mgas","status":"publish","type":"post","link":"https:\/\/insly.com\/en\/blog\/are-apis-in-insurance-essentials-for-insurers-and-mgas\/","title":{"rendered":"Are APIs in Insurance Essential for Insurers and MGAs?"},"content":{"rendered":"
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Using APIs in Insurance<\/h2>\n

Application Programming Interface<\/strong> (or API for short) essentially enables connecting various IT systems or applications and allowing them to use each other\u2019s functionality. Using APIs in insurance can serve multiple purposes and business opportunities with the potential of bringing cost-efficiency and flexibility for selling and managing insurance products.
\nTraditionally, IT infrastructure in insurance has been heavily reliant on core systems<\/strong> \u2013 huge central databases that contain all the policy, accounts, and claim information and take care of all of the back-end processing of an insurance company or intermediary.
\nWith the advent of new opportunities in online insurance sales and customer service, many of these core systems are now holding back insurers and MGAs because of their centralised and closed architecture which does not allow them to talk or integrate with other systems.
\nFor this very reason, Insly has developed APIs for most of the common features so that users could trigger all the functions their insurance software provides (like producing quotes, issuing policies, e-mailing documents, adding claims, etc.) also from a website or a customer portal.
\nLet\u2019s explore some of the uses of APIs in insurance in a bit more detail.<\/p>\n

Use Cases of APIs in Insurance<\/h2>\n

One of the most common business cases for APIs in insurance is online insurance sales<\/strong>.
\nInsurers and MGAs usually need to have two things for that:<\/p>\n