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.