insurance industry

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not consistently request data from insurance carriers across all states and may be looking at incorrect, incomplete or outdated data.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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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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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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