The OpenID Foundation is delighted to announce that Open Insurance Brazil (OPIN) will be joining the OpenID Foundation Board of Directors as a Sustaining Member, via their strategic partnership with Peers Consulting + Technology. Francisco Leme, Chief Technology and Operations Officer for OPIN and representative for Peers Consulting, will represent them on the Board.  

Open Insurance Brazil (OPIN) is a major initiative in Brazil, which came into being in 2021 to ensure the standardization of insurance data and service sharing. The OPIN project is managed by Peers Consulting in partnership with ecosystem participants, in accordance with the regulations established by Superintendence of Private Insurance (SUSEP).

OPIN had already been working closely with the OpenID Foundation as a valued ecosystem partner, since it selected and mandated the OpenID Foundation’s FAPI standard and self-certification capabilities into its ecosystem. The decision to join the Board is a well received evolution of this strategic relationship with mutual benefits. It raises the profile of the insurance sector, Latin American requirements, and ecosystem experience to the OpenID Foundation leadership. 

OPIN follows in the footsteps of its domestic peer, Open Finance Brazil (represented on the OpenID Foundation’s Board by Chicago Advisory Partners), a Latin American trailblazer in adopting and mandating the OpenID Foundation’s FAPI standard and FAPI certification for the Brazilian financial services vertical. 

Commenting on the appointment, OpenID Foundation’s Executive Director Gail Hodges said: “OPIN and Peers Consulting have already achieved a great result as the first open insurance ecosystem in the world to implement FAPI, and the OpenID Foundation has been proud to support them on their journey.

“We have no doubt that OPIN, Peers and Francisco himself will have a positive impact on our work to scale the adoption of open standards within Brazil, Latin America, and beyond.

“Their decision to join the OpenID Foundation is very timely as more countries increase their focus on open data requirements. According to the Cambridge Centre for Alternative Finance, there are now 95 jurisdictions that have open data legislation, regulation or guidance, and are either in the development stage, moving through the process of planning or have been passed. We welcome the opportunity to work with them all.”

Francisco Leme added: “I’m very thrilled to be part of the Board of Directors of the OpenID Foundation, representing Open Insurance Brazil. We are now even more together, combining our expertise and knowledge for the benefit of all insurance companies.”

About the OpenID Foundation

The OpenID Foundation (OIDF) is a global open standards body committed to helping people assert their identity wherever they choose. Founded in 2007, we are a community of technical experts leading the creation of open identity standards that are secure, interoperable, and privacy preserving. The Foundation’s OpenID Connect standard is now used by billions of people across millions of applications. In the last five years, the Financial Grade API has become the standard of choice for Open Banking and Open Data implementations, allowing people to access and share data across entities. Today, the OpenID Foundation’s standards are the connective tissue to enable people to assert their identity and access their data at scale, the scale of the internet, enabling “networks of networks” to interoperate globally. Individuals, companies, governments and non-profits are encouraged to join or participate. Find out more at openid.net.   

About Peers Consulting + Technology

Peers Consulting & Technology is the fastest-growing business and technology consulting firm in Latin America. Its work is focused on business and digital journeys, offering customized approaches that range from strategic analysis to implementation.

Certified by institutions such as FIA, ISG, Financial Times, Glassdoor, and Great Place to Work, it boasts a highly qualified multidisciplinary team. With more than 300 professionals, the company works closely and inquisitively to tackle the challenges faced by large national and international companies, as well as leading organizations in the nonprofit sector.

A partner in building the future of its clients, Peers Consulting has expertise in a wide range of areas and industries, including banking and finance, supply chain, digital, organizational strategy, M&A, healthcare, insurance, education, ESG, and more. The firm collaborates with industry-leading companies such as C&A, Alpargatas, Grupo Boticário, Porto Seguro, and companies recently acquired by the largest private equity funds operating in the country.