While it might not trigger a passionate discussion around a dinner table, there’s no doubt insurance is a necessary part of life. Whether you drive a car, own or rent a house, or booked a holiday - it’s likely that we’ve had to pay for insurance at some point in our lives. And it is that necessity that drives the value of the industry, which stood at $5.8 trillion in 2020.
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The idea that APIs are a major driving force in the digital economy is not new. Gartner went as far as saying we were living in an API economy back in 2016. In just five short years, the world has become ever more driven by data and cloud-based systems.