Share of open insurance startups globally 2022, by region
In 2022, more than half of all open insurance startups in operation globally were in the Americas. Africa held the smallest share of open insurance startups globally, with only 2.8 percent of startups in this region. Open insurance refers to the sharing of large volumes of structured data within a digital ecosystem, in order to spur the development of new and innovative insurance options to be made available for consumers.