Open Insurance Brazil
How Brazil extended open data sharing to the insurance sector — powered by Raidiam Connect and Raidiam Assure.
This is what expansion looks like: open finance infrastructure extended to insurance without rebuilding
Brazil built the open finance foundations. Open insurance was the first expansion. Same infrastructure. No rebuild.
The Challenge
This is the expansion story in action. Following the success of Open Finance, Brazil's insurance regulator SUSEP (Superintendência de Seguros Privados) mandated Open Insurance — requiring insurers, brokers, and intermediaries to share data through governed APIs. The open finance infrastructure extended to insurance without rebuilding. This was the world's first regulated open insurance ecosystem. The challenges:
- 42 data providers (insurers) needed to be onboarded
- 42 data recipients needed accreditation
- The ecosystem needed to be operational within months
- Conformance to insurance-specific API profiles was required
- The trust infrastructure needed to interoperate with the existing Open Finance ecosystem
The Solution
Raidiam extended its existing Brazilian trust infrastructure to support the insurance sector. Raidiam Connect provided a parallel federation for Open Insurance, while maintaining interoperability with the Open Finance directory.
Key deliverables:
- Ecosystem control plane for insurance participants
- Insurance-specific conformance profiles in Raidiam Assure
- Participant onboarding workflows adapted for insurers
- Cross-ecosystem trust where participants operate in both finance and insurance
The Numbers
Impact
Open Insurance Brazil is the clearest proof that the “build once, expand” model works. Raidiam's federation model is not limited to banking. The same control plane that manages banks and fintechs now manages insurers and brokers — no new infrastructure, no rebuild, just additive expansion.
Open Insurance went live swiftly, with over 60 participants registered within six weeks of launch — giving consumers increased access to insurance products and services through a governed, interoperable ecosystem. The foundations built for open finance made this expansion fast, governed, and cost-effective.
Products used
The ecosystem control plane powering the world's largest digital economies
Brazil Open Finance
- —940+ institutions
- —100B+ API calls/year
Central Bank of Brazil
Brazil Open Insurance
- —42 providers
- —1.18M monthly API calls
Superintendência de Seguros Privados
Australia ConnectID
- —Big Four banks
- —10M+ customers
Australian Payments Plus
NZ Fraud Data Sharing
- —NZBA member banks
- —Fraud prevention network
New Zealand Banking Association
UAE Open Finance
- —Central Bank of UAE
- —National ecosystem
Central Bank of UAE
UK Smart Data
- —Cross-sector trust
- —Open Banking origins
UK Government / FCA
Our clients include central banks, payment scheme operators, and globally systemically important financial institutions. We don't build point solutions. We operate the ecosystem control plane that the world's financial system depends on. They built once. They keep expanding.
Raidiam is a founding contributor to OpenID Federation and actively shapes the standards that define how digital trust ecosystems work globally. OpenID Federation is the standard. Raidiam Connect is the ecosystem control plane that makes it work at national scale — and lets it expand to whatever comes next.
Built on 10+ years of battle-tested standards
Where will your ecosystem take you?
Whether you're a regulator building a national digital economy, an enterprise platformising across brands and clouds, or a bank that wants to stop rebuilding trust for every new use case — there's a next step.
See It in Action
See how one investment in Raidiam Connect covers your first use case — and the next hundred
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For regulators and central banks — how to build the foundations for an expandable digital economy
See the Proof
Brazil started with 2 data-sharing scopes. Today it has hundreds — all on the same infrastructure
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