openidl

Developments in blockchain: Shaping the future of insurance

The openIDL is an open blockchain network that streamlines burdensome and expensive regulatory reporting, providing new insights for insurance carriers while increasing the timeliness, accuracy, and value of data reports for regulators. In order to provide insight into the health of the insurance market, U.S. state insurance regulators enacted laws more than 70 years ago […]

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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not consistently request data from insurance carriers across all states and may be looking at incorrect, incomplete or outdated data.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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Cook up your blockchain solution with IBM Design Thinking

Whether you are a startup or a large enterprise, IBM Blockchain Garage Services can help you navigate your blockchain journey, find the very best blockchain use cases, build a minimal viable product (MVP) with the speed of a startup, then deploy and scale in production like an enterprise. We use the proven IBM Garage Method, […]

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Three New Year’s resolutions in 2019 for your blockchain success

About a year ago, I wrote a blog post on my New Year’s resolutions for 2018 blockchain success. They were lead with business, understand the network type, understand the path to productive use, know why you are choosing blockchain, and make sure your architecture is ready. I tried to stick to these resolutions in 2018 […]

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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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