Exploring Open Insurance for Aotearoa New Zealand

Exploring Open Insurance for Aotearoa New Zealand is the first paper in a series from Deloitte and InsurTech NZ investigating how New Zealand’s insurance ecosystem can proactively shape the future of Open Insurance. As Open Data regimes globally expand towards Open Finance, and New Zealand’s Consumer Data and Product Act 2025 reshapes financial services, the insurance sector is approaching a critical inflection point.

The choices made now will influence who controls customer relationships, how value is created and shared, and whether Open Insurance delivers meaningful outcomes for customers, insurers and the wider economy. This raises a critical strategic choice for insurers: engage early to shape Open Insurance in a way that delivers value locally for all ecosystem members, or wait until formal designation and risk the model being disintermediated in the meantime by third party aggregators with established Open Data capabilities. Drawing on international experience, this paper explores how Open Insurance could evolve in Aotearoa New Zealand through examining use cases, key risks and strategic choices that insurers, intermediaries and broader ecosystem members need to consider to influence future outcomes.

This is the first in a series of papers exploring how Aotearoa New Zealand’s insurance ecosystem can enable Open Insurance. The series will progressively move from strategy into execution, with upcoming papers bridging ambition and action by outlining a practical, ecosystem level Blueprint for Open Insurance in New Zealand. Together, the series is designed to help industry leaders clarify intent, understand trade-offs and make informed, deliberate choices about how they engage with Open Insurance before those choices are constrained by external forces.

Download the paper to explore what Open Insurance could mean for your organisation, and the choices worth making now.