Open architecture for insurance will give customers wider choice

[IndiaInsurance]

The wide prevalence of cases where access to the right product and the information nor trained staff to guide him is not available bu a bank offering insurance. This has driven the Irda ( Insurance Regulatory and Development Authority) to lay down guidelines for an open architecture, a concept which address the problems of customers in search of appropriate insurance options and, thereby, brings about their financial inclusion.

More... (http://economictimes.indiatimes.com/personal-finance/insurance/analysis/open-architecture-for-insurance-will-give-customers-wider-choice/articleshow/11186931.cms)