We are frequently asked what advantages blockchain solutions have over more traditional tools. Our latest opinion piece promises to equip you with a thorough understanding of why blockchain is a natural fit for the commercial insurance and reinsurance industry.Read More
Blockchain adoption in the insurance sector is poised for exponential growth in 2019, as awareness rises of the multi-billion-dollar savings this technology can bring. If 2018 was the year in which the industry became aware of the full scale of its expense and efficiency benefits, 2019 could be the year in which these solutions are integrated into mainstream thinking.Read More
Too often, the experience of IT innovation has been difficult to manage and expensive. This has been driven by the adoption of systems that have had a long roll out which has then additionally suffered delays and cost increases.Read More
Governance, and day to day operational management of distributed ledger (i.e. Blockchain) applications involves more than just building software.
Increasingly, these applications are being established as business networks.Read More
If you want to understand why blockchain technology is the ONE essential innovation insurance has been waiting for, watch Praveen Nagpal, our CTO, present to a non-insurance audience at the IIT in Madras. He explains how the current system works, and how smart contracts and distributed ledger technology bring transformational efficiency.Read More
Broker facilities are changing the way business is placed in the London market, and can help clients benefit from superior terms, pricing and coverage.
(Re)insurers can also see new business they wouldn’t otherwise access, while facilities can provide brokers with large volumes of data that can be analysed to optimise pricing and coverage.Read More
The global insurance market is facing its Kodak moment. Those who fail to innovate run the risk of being left behind. Across the insurance ecosystem, costs need to be cut, and innovation is no longer optional.Read More
Insurance facility arrangements have become increasingly commonplace, consequently, this free article looks at the rise of Facilities and the challenges these arrangements bring and how blockchain technology overcomes them. Download the white paper here.Read More
Integration between systems is the bane of the software engineer’s world. Linking to many and old counter-party systems takes time and gets expensive. Indeed, there is only one word scarier than ‘Integration’, and that’s ‘Transition’. We’re working on both right now.Read More
Download the ChainThat & R3 joint white paper on Modernizing Commercial and Speciality Insurance Accounting with Blockchain Technology. We consider design principles for blockchain platforms in the insurance sector and examine R3’s Corda architecture. This white paper is suitable for business readers…Read More
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.Read More
In our previous post, we introduced Hyperledger Fabric v1’s architecture components and some common design patterns that we could use with it. This post will discuss the prospects of using Fabric driven consortium based blockchain network for commercial and reinsurance use cases.Read More
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…Read More
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…Read More