The Insurance industry had a later start to the digital transformation game than some other financial industries, likely due to providers' reluctance to invest in costly updates of hefty legacy systems. But also possibly due to brokers being reluctant to agree to automate the selling and buying of insurance, which tends to be a very personal transaction.
However, in the past few years, customer expectations and emerging competitors have demanded disruption, so insurers have been rolling into the future head on. Once shying away from "InsurTech", brokers, companies and other insurance organizations are now embracing the use of chatbots, artificial intelligence, cloud storage, mobile applications, blockchain, and other technology already commonly used in financial services to connect better with customers, increase efficiency, and keep up with compliance regulations.
Driving this transformation are APIs, which are now available from several insurance providers for Auto, Home, Rentals, Financial, Travel, Property & Casuality, Health And Life insurance. APIs for insurance-related services, such as provider aggregation or management platforms are also popping up.
Standards such as FHIR have recently paved way for interoperability in healthcare, and APIs will be the driving factor to that endeavor. (Dive deeper into how APIs can enable the health insurance industry, in this interview with USDS product manager Kelly Taylor, who spearheaded the Blue Button initiative for Medicare.)
Already aboard the InsurTech bandwagon are several insurers and other insurance related providers that are listed in our API directory. Here is our list of ten Insurance API highlights, chosen by unique characteristics and popularity based on ProgrammableWeb's user traffic.
Vericred provides an API that operates as a data translation layer between carriers and insurtech companies by delivering structured health insurance and employee benefit data to tech companies. The Vericred APITrack this API returns health insurance data including medical plans, dental plans, vision plans, coverage, drugs, networks, and providers. Autogenerated SDKs for Ruby, Java, Perl, Go, .NET, Python and other programming languages are available from the Vericred developer portal.
Eligible provides health insurance eligibility services so physicians and healthcare providers can protect patients from receiving surprise medical bills. The Eligible Health Insurance APITrack this API is a service that lets users lookup information on over 700 insurance companies. Information available includes patients active versus inactive status, coinsurance, copayment, deductible, health spending balance and specialty specific information such as MRI and diagnostic labs.
3. OCBC Travel Insurance
The Oversea-Chinese Banking Corporation provides this Travel Insurance APITrack this API to enable users to search for coverage while traveling. This API allows access to travel policy details including premiums, benefits, coverage and more. The API can retrieve insurance policies tailored to a users' needs.
CoverWallet provides a platform for small business to understand, purchase, and manage insurance online. The CoverWallet APITrack this API is an "Insurtech as a Service" API, and it provides a way to bind policies, ACH or credit card payments and download documentation. The API allows applications to offer insurance services without exiting the app or workflow. CoverWallet anticipates future integration with commercial real estate companies, financial institutions, accounting software providers, and other services.
Lifeguard is, as stated on its website: "for Insurance APIs what Plaid.com is for financial services." The Lifeguard APITrack this API is a REST interface that allows integration with transaction and account data from major insurance institutions. Connected third-party applications can retrieve merchant names, street addresses, geo-coordinates, categories, and more.
6. Urban Jungle
Urban Jungle is a UK-based provider of home content insurance services for urban dwellers and sharers. The Urban Jungle Partners APITrack this API allows partners to serve personalized insurance quotes within your app or site. Use the API to complete a seamless handover to Urban Jungle to tailor cover and complete purchase.
7. Haven Life
Haven Life offers term life insurance with simple access. The Haven Life APITrack this API integrates Haven Life services into any website or application. It provides access to quotes for term life insurance and partner data. Customers can be insured up to $3 million in policies backed by MassMutual. Haven Life features paperless processing, accelerated death benefit, level term premiums and more.
8. Ask Kodiak
Ask Kodiak is designed to organize commercial insurance providers and simplify the process required to find property and casualty coverage for businesses. Brokers can search for eligible carrier markets, and carriers get unique analytics about what agents and brokers are searching. Ask Kodiak REST APITrack this API allows users to search for insurance products, companies, profiles, and NAICS information. The API allows users to build their own insurance solutions.
9. Qover Qover is an Insurance-as-a-Service platform that offers insurance products from open APIs. The company is based in Brussels, Belgium. Qover provides three APIs: HomeTrack this API, Motor, and LifeStyle (which includes jobless coverage). The Qover API can be integrated into any digital ecosystem and enables users to sell insurance to customers.
10. Seven Corners
Seven Corners provides services for travel medical insurance, visitor and immigrant insurance, trip protection, and student travel insurance. The Seven Corners APITrack this API returns JSON data about insurance products, quotes, purchases, agents, and more. Seven Corners developer portal provides excellent API documentation, including walkthroughs for authorization and quotes, as well as interactive documentation.
Clearcover is a smart car insurance choice that provides services to deliver coverage using advanced technology. The Clearcover APITrack this API allows applications to offer affordable car insurance online and generate new income while providing savings to customers.
Bestow provides life insurance that is available to purchase online. Bestow Quote REST APITrack this API allows developers to provide customizable quote solutions for individual brands. Bestow offers point of sale term life insurance functions, and tools to help users with the quotes for terms from 2 to 20 years, and from $50,000 to $500,000.
Lemonade, Inc. is a licensed insurance carrier offering homeowner and renter insurance that is powered by AI, behavioral economics and social good. The Lemonade APITrack this API allows developers to offer home insurance services to users. Lemonade insurance can be integrated into any app or website, with specific features for Commerce, Financial Services, Real Estate, Smart Home Security and other applications.
Nationwide offers insurance and financial services across the United States. It provides a collection of APIs that enable developers to integrate its services into third-party applications. Here we are featuring the Nationwide Auto Quote APITrack this API, which allows users to get a rate for an auto policy based on minimal inputs of personal information: name, address, date of birth, marital status, gender etc., plus car information and garaging address to receive a quote.