Using Corda in (Re)Insurance

Using Corda in (Re)Insurance

R3 runs a consortium with over 80 members on a blockchain inspired distributed ledger platform called Corda. R3’s Corda platform has been designed and built taking into account requirements such as data privacy/confidentiality and transaction scalability of financial institutions in mind. Its design can easily be extended in non-financial domains such as insurance. R3 and ChainThat have formed a partnership to develop distributed ledger technology solutions for the (re)insurance industry.

Using HyperLedger Fabric v1 in (Re)insurance

Using HyperLedger Fabric v1 in (Re)insurance

In May 2017 we completed the integration of Fabric V1 into the Insurance Blockchain Framework replacing Fabric V0.6. Having completed end-to-end testing for ChainThat's reinsurance solution covering, Contract Management & Negotiations, Firm Orders, Signing Down, Technical Accounting, Financial Accounting, Settlement and Claims Management our lead Developer is writing a series of articles to share what we have learned with the wider community.

London Matters - Update

London Matters - Update

On the positive side, it was also encouraging to see that the London Insurance Market is, in some key areas, holding its own against some of the other global hubs and particularly in specialty and commercial insurance in the established insurance markets.  However, it’s also clear that many of the challenges and trends articulated in the first report are still very much there. 

Blockchain: The fast approaching disruptive force in London’s reinsurance markets

Blockchain: The fast approaching disruptive force in London’s reinsurance markets

This article explores why Blockchain, a technology barely eight years old, is set to have a profound impact on the reinsurance market.  The application of this technology will both change the way reinsurance markets conduct business and the financial dynamics of that business.  This disruption is approaching very quickly; we will start to see its impact in 2018 and can expect significant change within five years. 

Crossing The Chasm

Crossing The Chasm

Commercial & Specialty (Re)Insurance is a very important aspect of the global economy and yet, historically, has been very slow in embracing change.   Emerging technology such as Blockchain promises a step change improvement in operational efficiency and is primed and ready for the reinsurance markets.   In this article, I discuss if blockchain technology in commercial insurance is ready to cross the chasm.