Five reasons why blockchain will transform insurance facilities
Solve your expense ratio problems in months not years
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.
Insurance facility arrangements with Distributed Ledger Technology
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.
Insurance - Integrating and transitioning to Blockchain
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.
Insurance Accounting with Blockchain Technology
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.
Using Corda in (Re)Insurance
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…
Part 2 - Using HyperLedger Fabric v1 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.
Part 1 - Using HyperLedger Fabric v1 in (Re)insurance
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.
Blockchain: The fast approaching disruptive force in London’s reinsurance markets
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…
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…