Insurance

Insurers are using blockchain to optimize risk assessments and protect against fraudulent claims.

Blockchain in insurance: Five reasons why openIDL will succeed

As an IBM Distinguished Engineer, I have spent the last two and a half years working on blockchain with our U.S. banking and insurance clients. More recently, I have been the IBM technical executive overseeing open Insurance Data Link (openIDL), the insurance network partnership with the American Association of Insurance Services (AAIS). It’s been very […]

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Applying blockchain privacy to the insurance industry

Recently, some of my colleagues published an excellent and informative article on the evolution of privacy and confidentiality in networks built on The Linux Foundation’s Hyperledger Fabric. As an industry practitioner, I look to apply that philosophy to insurance business network design. As the article details, “Privacy is frequently achieved by mechanisms that enforce the confidentiality […]

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Three areas in the insurance industry to use blockchain

You buy insurance — auto, health, life — because you want to be sure you and your family will be OK if anything unexpected happens. But as time drags on while you wait for a claim to be processed, you start to wonder if the benefits are worth the hassle and higher premiums. These negative […]

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Five New Year’s resolutions for your blockchain success

I work with banking, financial services and insurance clients on blockchain. As you can imagine, 2017 was busy! While all these initiatives started with good intentions, some ended up not providing the value I had hoped — many things worked, and many didn’t. Now I want to share with you what I learned in 2017, […]

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Rethink financial services with IBM Blockchain at Distributed: Trade

Do you ever get frustrated by how long it takes for an international payment to clear? Or how difficult it is to obtain insurance for your business and products? You might be interested to know that companies around the world are working to improve these processes through technology called blockchain. And on July 24, I’ll […]

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Transforming an industry: Making blockchain real for insurers

Blockchain is emerging as a potentially disruptive force capable of transforming the insurance industry by making transactions faster, cheaper, more secure and transparent. In every meeting I’ve had with global insurance chief experience officers (CXOs) in the last couple of months, I was asked about blockchain. I’ve found that most insurance CXOs are keen to […]

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