RakerOne Adopts BIND to Standardize Insurance Data Exchange
RakerOne adopts BIND, the open insurance interoperability standard, enabling structured, secure, API-native data exchange across the full policy lifecycle.
Written by
Pascal Hebert
News
Feb 16, 2026
4 min read
Insurance has operated for decades without a universal data standard. That gap has created friction, manual re-keying, integration sprawl, and growing exposure to document fraud. Today, RakerOne formally adopts BIND (Business Insurance Normalized Data), an open, public-domain interoperability standard designed to modernize how brokers, carriers, MGAs, and TPAs exchange insurance data. This is a structural move toward true operability across the insurance ecosystem.
Why This Matters
Insurance remains one of the last major financial sectors without a shared, composable data model. Submission-to-bind cycles still depend on PDFs, email attachments, manual entry, and proprietary carrier schemas.
Every integration is bespoke. Every handoff risks data degradation. Every new trading partner means another custom mapping project.
The industry spends billions annually on data friction that adds zero value to risk transfer.
BIND changes that.
What Is BIND
BIND (Business Insurance Normalized Data) is an open, public-domain data standard defining a common language for insurance exchange.
It introduces composable, strongly typed resource models across the full lifecycle:
Insured
Submission
Quote
Policy
Coverage
Claim
Organization
Location
Built using modern, API-native JSON structures and a TypeScript-first developer experience, BIND is designed for real-time exchange, not document shuffling.
It is licensed under CC0 (public domain), fully open-source, and vendor-neutral.
GitHub: github.com/bind-standard
Web: bind-standard.org
The FHIR Playbook Applied to Insurance
Healthcare faced the same fragmentation problem.
Hospitals, labs, payers, and pharmacies all used different data models, until FHIR (Fast Healthcare Interoperability Resources) unified the ecosystem through composable resource types, coded terminologies, and structured references.
Within a decade, FHIR became the backbone of healthcare interoperability. BIND applies that similar architecture to insurance, but with AI in mind. Where FHIR defines Patient, Encounter, Claim, and Coverage, BIND defines Insured, Submission, Quote, Policy, Coverage, and Claim.
What Makes BIND Structurally Different
Compared to legacy standards:
API-native, JSON-based architecture
Public domain licensing with no membership gates
Built-in PKI signing and trust directory
Zero-knowledge encrypted exchange
TypeScript SDK and JSON Schema validation
Most importantly, BIND includes a cryptographic trust layer. Every BIND bundle can be signed using JWS signatures and verified against a public key infrastructure (bindpki.org). This allows recipients to verify authorship and integrity instantly, without phone calls, portals, or shared platforms.
In a world where AI-generated document fraud is accelerating, protocol-level authenticity becomes operational infrastructure.
What This Enables Inside RakerOne
By adopting BIND, RakerOne strengthens its position as an AI-native operating layer for insurance. This unlocks:
Structured submission ingestion
Reduced re-keying across broker-carrier workflows
Faster underwriting intake
Clean, normalized data for AI copilots
Lower integration overhead
Trust-verifiable policy and certificate exchange
RakerOne clients benefit from interoperability by design, not custom integration projects.
Organizations can export BIND bundles from existing systems, exchange structured data with trading partners, and incrementally move toward canonical adoption — without ripping out core systems.
Broker Benefits
Reduce submission cycle time
Replace bespoke integrations with a common schema
Improve E&O posture through typed validation
Maintain independence with a vendor-neutral standard
Prepare structured data for AI-driven underwriting
Carrier & Insurer Benefits
Accelerate underwriting intake
Enable API-first distribution
Improve portfolio analytics through normalized data
Reduce operational handling costs
Verify document authenticity at the protocol level
Built for Incremental Adoption
BIND does not require system replacement. Organizations can:
Map internal data models to BIND resources
Export BIND bundles alongside existing workflows
Replace PDF/email exchange with structured exchange
Ingest BIND bundles into underwriting or policy systems
Adopt BIND as a canonical data model over time
Governance & Long-Term Trajectory
BIND is in active open-source development as of February 2026.
It is on a path toward not-for-profit, community governance, following the successful models of FHIR, OpenID, and Linux Foundation projects.
Early participants have the opportunity to influence its evolution and shape insurance interoperability before broader regulatory or market tailwinds accelerate adoption.
The Strategic Shift
This is not a RakerOne feature release. It is an infrastructure decision for the insurance ecosystem.
Insurance will standardize around structured, open, API-native data models. Economic pressure, integration complexity, and AI-driven operations make that transition unavoidable.
We are not waiting for that shift.
We are building it.
