blockchain and insurance News
Some Argue Blockchain Enthusiasm Is Fading Quickly
For a technology that was supposed to transform and solve seemingly every problem in the world, the enthusiasm is fading pretty quickly. Blockchain, the underlying technology that powers ...
The UK’s Legal & General Teams With Amazon on First Pensions Blockchain Deal
British insurer Legal & General has teamed up with Amazon to establish what it said is the first blockchain system for corporate pension deals. The insurer said it would use a managed blockchain ...
Marsh Will Begin Rollout of Proof of Insurance Blockchain to U.S. Commercial Clients
Marsh said it will start rolling out its Proof of Insurance Blockchain platform to U.S. commercial clients. Originally launched as a proof of concept last April, Marsh's blockchain-driven Proof of ...
ChainThat Will Debut Blockchain-Driven Risk and Capital Exchange in Bermuda
A blockchain-driven risk and capital exchange for the insurance and reinsurance market is set to be launched in Bermuda later this year by ChainThat. The exchange will allow broker, reinsurance and ...
Cautious Carriers Often Pursue Innovation Warily: A.M. Best
Insurers are reluctant pursuers of innovation, cautious about disruption that new technology and systems can cause, even as they see the need for such changes. A new A.M. Best survey found that most ...
Monte Carlo Dispatch: Industry Blockchain Initiative B3i Irons Out Platform Kinks
The industry's Blockchain Insurance Industry Initiative (B3i) announced a year ago it had developed a reinsurance blockchain prototype for a property excess-of-loss (XOL) contract and asked the ...
W.R Berkley, Travelers, GEICO Among 12 New Members of The Institutes RiskBlock Alliance
Twelve more companies have joined The Institutes RiskBlock Alliance, which is billed as the risk management and insurance industry's first enterprise-level blockchain consortium. The membership level ...
To Build a Blockchain, Keep Expectations Measured and ‘Park Your Ego’ at the Door
Insurers hesitating about blockchain investments should definitely get into the game, but keep their expectations reasonable and measured, according to a recent panel of experts who spoke at the ...