american association of insurance services

Can blockchain help tackle the insurance industry’s data challenges?

The challenge of data authenticity and data controls in the insurance industry continues to grow at a time when regulators are increasing data security requirements. Regulators do not consistently request data from insurance carriers across all states and may be looking at incorrect, incomplete or outdated data. Carriers only share minimal information because they do […]

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How AAIS uses blockchain to ease regulatory reporting

Insurance carriers have been collecting data for decades. The American Association of Insurance Services, or AAIS, serves as a bridge between carriers and regulators for regulatory reporting. We anonymize and aggregate a specific subset of a carriers’ data and share it with regulators. For the past 80 years, this process has required the transfer of […]

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Introducing the next-gen platform for enterprise blockchain

As the market matures, new use cases emerge, and companies set their sights on scaling, one thing has become clear: the value of blockchain networks increases with the addition of diverse industry members. As these diverse networks drive innovation and expand, we expect to see the emergence of a thriving blockchain economy. However, diverse networks can […]

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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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