Blockchain for insurance
Revolutionize the trust that powers insurance. Unlock new business value through an immutable foundation of transparency and shared purpose. Let’s put smart to work.™
Revolutionize the trust that powers insurance. Unlock new business value through an immutable foundation of transparency and shared purpose. Let’s put smart to work.™
Technological disruption has come to the insurance industry — and the smart risk management strategy is to embrace it. IBM Blockchain is helping the insurance industry radically transform operations by enabling faster verifiable data exchanges, visibility for all parties, and transactions underpinned by pervasive security and trust.
One example of transformation is openIDL, a network built on the IBM Blockchain Platform with the American Association of Insurance Services (AAIS). AAIS is automating insurance regulatory reporting and streamlining compliance requirements, and that’s improving efficiency and accuracy for both insurers and state insurance departments.
Increase speed and cost efficiency with smart contracts.
Cut costs with automated claim and data verification.
Prevent misuse with improved traceability and accountability.
Discover the positive impact Forrester says IBM Blockchain can have on your business. This report includes:
The American Association of Insurance Services is working with IBM to create an open blockchain network that streamlines regulatory reporting to provide new insights, while enhancing timeliness, accuracy and value for regulators.
AIG and Standard Chartered have teamed with IBM Blockchain to create a new multinational insurance policy. Learn how they are working together to strengthen transparency, increase trust and reduce cost and friction.
Global insurance broker Marsh transforms the proof of insurance process from complicated and manual to streamlined and transparent, enabling clients to speed up hiring contractors and transferring risk while increasing coverage certainty.
Blockchain technology will bring greater trust and transparency to insurance. Learn how to rapidly simplify blockchain complexity, unlock new value and scale up competitive advantages with help from the services provider named a leader by Juniper Research¹ and HFS Research².
Explore our guide to learn what blockchain technology is, how it works, and why businesses are adopting it to increase trust and transparency in their industries.
Find out how insurers are using blockchain to optimize risk assessments and protect against fraudulent claims through a verified and secure network.
Get a code pattern that shows you how to use IBM Blockchain Platform to implement a web-based blockchain app that facilitates insurance sales and claims.
Find out how emerging technologies and digital solutions such as blockchain, IoT, AI and cloud can help you to elevate the policyholder experience.
Enjoy these ten stories of how our clients are revolutionizing their organizations by using IBM blockchain.
Be inspired by how innovators are transforming their businesses and their industries by using the IBM Blockchain Platform.