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BlockSocial / Blockchain in Insurance

Blockchain in Insurance

The Imminent Synergy Between the Insurance Industry and Bitcoin

March 15, 2021 by Bitcoin Magazine

Given current monetary policy, the insurance industry and bitcoin are a match made in heaven. Here’s why. Early on the morning of March 10, NYDIG, a financial...

Harnessing the promise of blockchain to change lives

March 2, 2021 by UNCTAD

The technology that runs cryptocurrencies such as bitcoin could be used in many applications that contribute to sustainable development, from crop insurance to vaccine supply chains. Aya...

KPMG, IntellectEU launch blockchain app to fight insurance fraud

March 3, 2021 by Ledger Insights

One of the biggest types of insurance fraud is double-dipping, where a claimant gets multiple insurers to pay out for the same incident. KPMG estimates that fraud...

AON to pilot blockchain insurance with Ethereum startup Nayms

March 3, 2021 by Ledger Insights

Today AON, the world’s second-largest insurance broker, said it plans to run a pilot with insurtech startup Nayms, which uses the public Ethereum blockchain. As the startup’s name suggests,...

I Learned How Much We Need Blockchain From A Falling Branch Destroying My Car

November 21, 2019 by Forbes

My car was safely parked in my driveway. A large branch broke off of a tree that had recently been checked by an arborist and declared healthy....

Marsh Pilots Blockchain-Powered Insurance Placement and Binding Process

September 25, 2019 by Insurance Journal

Insurance broker Marsh is piloting a digital insurance placement platform that it says has the potential to let clients, carriers and its brokers share real time information...

Blockchain technology worth investing for the banking industry, say experts

September 9, 2019 by Moneycontrol

Blockchain is developed to resolve the trade-offs of data partitioning and promises to preserve both consistency and availability using different consensus protocols. Even as the adoption of...

Italy Plans to Create Blockchain-based Smart Parametric Insurance Policies

July 16, 2019 by CoinIdol

Italy is considering starting smart parametric policies with automatic reimbursement based on blockchain, smart contract and distributed technology (DLT). The policies will cover the risks related to...

State Farm, USAA to Pay Each Other Insurance Claims on Blockchain by 2020

May 30, 2019 by CoinDesk

U.S. insurance giants State Farm and USAA have entered advanced testing of a blockchain to automate the time-consuming and paper-heavy processing of automobile claims. Announced Thursday, the...

Insurance Broker Marsh Rolls Out Proof of Insurance Blockchain App to US Clients

April 26, 2019 by Cointelegraph

Canada-based global insurance broker Marsh will soon roll out its proof of insurance (POI) blockchain platform to American commercial clients, the firm announced in a press release on April 25. First launched as a Proof of concept (PoC)...
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