We are an insurance blockchain solutions provider. We work with business leaders across the insurance industry who have a problem extracting business value from technology.  What we do is create real world applications that deliver on the promise of innovation so that the global insurance market is empowered to move forward, which means they can finally start releasing the value trapped in the chain.

 

Our Insurance Blockchain Framework, allows us to leverage DLT and smart contracts to build insurance market solutions that enable:

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SPEED

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TRUST

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SINGLE SOURCE OF TRUTH

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CONTRACT CERTAINTY

Our Solutions

Placing (CTPlacing)

Decentralised application allows brokers & re(insurers)  to negotiate, create and manage placement terms when a new risk contract is being placed in a market. The data from the each blockchain node is easily integrated with the existing policy admin systems via interfaces that support ACORD data standards.

  • Reduces processing time and cost
  • (Near)Real-time availability of the consistent data across 
  • Digital signatures and legal certainty

Accounting, Settlement and Claims Agreement

Utilising the Corda DLT platform the application allows for the management of insurance/reinsurance Technical & Finical Accounting, Net or Direct Settlement and Claims Agreement.

  • Backward compatible with ACORD data standards and processes
  • Supports EBOT and ECOT
  • Links accounting to payments
  • Streamlines processes and removes the need for reconciliation 

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Facility Schemes (CTFacility)

Blockchain powered application that allows brokers to create and manage scheme policies via pre-defined facilities (e.g. Excess of Loss) that are setup with the (re)insurers.

  • Improved data discoverability
  • Standardise communication framework 
  • Data consistency and avoid data duplication
  • SmartContract led Quote Engine 
  • Digital Contracts
  • Complete audit and enhanced transparency

Contract Management (CTContract)

CTContract allows multi-parties to create, negotiate and manage a digital contract. Users can view the difference with previous versions of the contract terms and ensures contract sign integrity - i.e. ensure all participants in the contract have signed the same version of the contract.

  • Immutable history with time-stamping 
  • Digital Signatures removes the need for manual overheads
  • Version history ability to compare and view updates on the contract terms
  • Improves productivity/efficiencies across the contract process
  • Data Quality/Consistency enforced