BiPRO-FiDA-Scheme – 4 pillars of success!

BiPRO e.V. (Industry Institute for Process Optimization) is a standardization body in the insurance industry that aims to simplify and standardize communication and data exchange between insurance companies and other financial industry players. BiPRO plays a crucial role in Open Finance / Open Insurance (including FiDA), as it serves as a common framework for interoperability between different systems and platforms.

BiPRO is FiDA-Ready!

BiPRO organizes the German FiDA-Scheme

BiPRO FiDA-Scheme

Decision of the BiPRO Presidium

The BiPRO FiDA-Scheme is organized within BiPRO Service GmbH and uses the BiPRO standards as a common standard.

The management of BiPRO Service GmbH is instructed to further prepare the BiPRO FiDA-Scheme so that it can be implemented at short notice after the FiDA regulation comes into force.

BiPRO FiDA-Scheme at BiPRO Service GmbH

BiPRO Service GmbH as coordinator and organizer of the FIDA-Scheme

  • Participants do not have to be BiPRO members.
  • Scheme participants can use the standards required for FiDA free of charge.
  • Balance of Governance – dedicated autonomous decision-making rights within the FiDA scheme based on EU regulation.
  • Participants benefit from the support of BiPRO Service GmbH and bear the resulting costs (personnel, rooms, catering, IT, etc.).
  • This business area is subject to supervision by BaFin / EIOPA.

BiPRO-FiDA scheme and BiPRO standardization

BiPRO FiDA-Scheme

FiDA

BiPRO is FIDA-Ready!

BiPRO focuses on process optimization, standardization and community. The BiPRO standards have created an industry-wide, generally recognized market standard that enables sustainable digitalization of the insurance industry.

Thanks to the large BiPRO community, Germany is becoming a pioneer of digital insurance communication in the EU, while other countries and initiatives essentially have to start from scratch when it comes to standardization.

The BiPRO data model and the specifications of the interfaces already largely cover the requirements of FiDA, including with regard to end customer processes and customer data. The industry-wide implementation of data transmission is well advanced for most members.

Member companies

K. Interfaces

M. transactions p.a.

Years of work

The BiPRO community consists of more than 300 member companies.

Together, the essential processes of the insurance industry were standardized.

BiPRO community drives digitalization of the industry.

The association has been supporting its community with know-how for almost 20 years.

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I agree that the name of my company may be mentioned as a permanent participant in the Open Insurance working group of BiPRO e.V. If you do not agree to this, please send a short message to fida@bipro.net.