Contributors: Annap Derebail

How early insurance blockchain adopters are driving practical value

As we roll into 2019, with renewed optimism and expectations, I like to reflect and look back at the year that was for blockchain in the insurance industry. Most reported efforts in the last two years were driven by industry innovators looking to learn about how to work with the technology. I worked with a […]

Continue reading

Blockchain for insurance delivers trust: A use case with Marsh, ACORD and ISN

Business agreements among multiple parties involve a lot of moving parts – a recipe for friction. With blockchain, aka distributed ledger technology, insurers and insureds can permission, validate and trust each other, sans the friction. In this case study Marsh, ACORD and ISN created one of the first instances of a commercial digital proof of […]

Continue reading

5 Ways blockchain is changing the complex world of reinsurance

Calamity strikes. You’re okay, your family is okay, your property isn’t, so you call your insurance company, and then, you wait. We’ve heard stories of people frustrated by slow claims processing and payment in the aftermath of disaster. The delay isn’t often due to the enormity of damage—the delay is mainly due to the complexity […]

Continue reading

Helping AIG innovate on its multinational insurance programs with blockchain

One of the challenges many companies face when evaluating a new technology is identifying how it could best be applied to solve a real business issue. Blockchain is no exception—for many years within the insurance industry, it has been viewed as the proverbial “hammer looking for a nail.” Not anymore. When AIG announced that they […]

Continue reading

Insurance, InsureTech and blockchain – divergence or convergence?

Recently, I attended Insuretech Connect, the first conference of its kind in the US to bring together leading insurers, InsureTechs and venture capital firms. The conference was very well received, with almost 1500 people attending. Most of the sessions I attended were standing room only and generated healthy discussion. To me, two overarching trends came […]

Continue reading

Blockchain-based insurance

As I pointed out in my last blog, blockchain technology is set to revolutionize the insurance industry. Yet the technology can be so complex that the applications can get lost. That complexity may be why I often hear my customers say, “I’ve heard a lot about blockchain technology. Tell me why I should care.” Here’s […]

Continue reading

The building block of an insurance revolution

What do insurers like Allianz, Consuelo, Lloyd’s and Manulife have in common? While they span markets and size, each is exploring a leading-edge technology that promises to unleash new efficiencies within the insurance industry. By improving transaction transparency, this technology can strengthen the trust upon which the industry relies. And by automating transparency, companies within […]

Continue reading