Let’s reimagine the business of insurance together
Technological disruption has come to insurance — and the smart risk management strategy is to embrace it. IBM Blockchain is helping the insurance industry radically transform operations with faster verifiable data exchanges, visibility for all parties, and transactions underpinned with pervasive security and trust.
One example of this transformation is openIDL, a network built on the IBM Blockchain Platform with the American Association of Insurance Services (AAIS). They’re automating insurance regulatory reporting and streamlining compliance requirements, and that’s improving efficiency and accuracy for both insurers and state insurance departments.
How you benefit with IBM Blockchain
IBM offers deep expertise in blockchain and insurance, advising clients on how to use this technology to re-shape the industry. And we’re making significant contributions to The Linux Foundation’s open source Hyperledger technology, on which the IBM Blockchain Platform is built.
Automate underwriting
with smart contracts for increased speed and cost efficiency
Accelerate claims settlement
and cut costs with automated claim and data verification
Reduce fraud and abuse
with improved traceability and accountability
Read the IBM POV
Learn how the insurance industry is working closely with experts from IBM Blockchain
“ Blockchain has a powerful role to play in the future of insurance. ”
— Rob Schimek, CEO of Commercial, AIG
Today’s active network success stories
AAIS
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
AIG and Standard Chartered have teamed with IBM Blockchain to create a new multinational insurance policy. Learn how we’re working together to strengthen transparency, increase trust and reduce cost and friction.
Marsh
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.
What’s blockchain’s potential ROI in the insurance industry? Find out now.
Discover the positive impact Forrester says IBM Blockchain can have on your business. This report includes:
• Blockchain technology and market overview
• Financial model framework
• Projecting new revenue and savings
• Expanded economic impact and analysis of costs
• Sample organization calculation and financial summary
Discover why IBM Blockchain Services is ranked #1
IBM Blockchain has been named the leading services provider by Juniper Research¹ and HFS Research². Learn how to rapidly simplify blockchain complexity, unlock new value and scale up competitive advantages with our help.
What will we solve together?
Reinvent your insurance business with IBM Blockchain.
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