Global consultancy EY has been working with insurance firms, software companies, ACORD and global shipping company Maersk to provide a blockchain platform for marine insurance.
The inaugural Claims Conference Sydney took place on 29 August. Chairman Andrew Tjaardstra summarises four key themes from the event.
Eighteen months into his role, Anthony Baldwin, CEO of AIG Europe and AIG UK, talks to Stephanie Denton about restructuring, co-creating and being the first insurer to move to Luxembourg.
When my toddler says ‘fox’, it sounds very rude. I mainly laugh at it but I’m also a bit scared that the next time she spots a fox in our local park, she will point at it, proudly shouting ‘F***! F****!’
Blockchain is gaining popularity among insurers, who will need to figure out how to integrate it with legacy systems, says Michael Clifton, senior vice-president, global insurance strategy and ventures at Cognizant.
AIG has partnered with IBM and Standard Chartered to deliver the first multinational insurance policy using Blockchain.
Blockchain based insurtech company Iclaims has come up with an app-based solution that could settle single item claims in seconds.
A Blockchain prototype will be rolled out as part of the London market modernisation scheme.
Insurance start-up Traity has launched a new blockchain-based chatbot that could help people insure their online peer-to-peer transactions.
Ten more insurance companies have joined a pilot scheme to test the impact of Blockchain on the industry.
Smart homes fitted with sensors could trigger automatic claims payments, a conference heard.
Blockchain technology is a viable option for the London market, a report has found.
Test your knowledge on this week's insurance news.
Tokio Marine has begun testing a blockchain-based insurance policy for the shipping industry.
Fraud officers are likely to be the first within the insurance industry to use Blockchain technology as this is the part of the insurance chain that is most used to collaboration.
Five of the largest insurers have joined forces in a pilot scheme to test the impact of Blockchain on the industry.
'Smart contracts' could help insurers settle claims quicker and provide better services and potentially save $21bn (£17bn) worth of claims costs globally.
As J K Rowling continues to delight fans with updated ebooks on her website Pottermore this week we learnt a bit more about our team mates on Post as a new feature was released.
Everyone’s talking about it, but is anyone really doing it? There’s a continuous chatter surrounding blockchain, so isn’t it about time more firms used the distributed ledger system?
The London Market is keen to encourage innovation, but that will involve overturning tried and tested practices and bringing through the younger generation
The insurance industry is keen to implement blockchain solutions in order to change the way it operates, a report from Long Finance shows.
Well the weather might have turned a touch greyer, but the summer holidays are truly here judging by the fact my commute to work is less busy but buying a sandwich in the West End at lunchtime has become a lengthy tourist obstacle course.
Blockchain could revolutionise the insurance and reinsurance industry.