So as we looked for solutions we realized a traditional data management technology was not going to work for us. That would be trying to solve the problem doing the same thing we’ve being for years. And that’s where the Blockchain technology provides an immutable record for us.

Joan Zerkovich, Senior Vice President, Operations, AAIS

Business Challenge

The American Association of Insurance Services, or AAIS, serves as a bridge between carriers and regulators for regulatory reporting. Insurance carriers have been collecting data for for quite sometime. It’s the volume of data that’s being collected and then how it’s being used has raised concern around security, access, accuracy and timeliness.

 

 

Transformation

AAIS has partnered with IBM to create an open Blockchain network that streamlines regulatory reporting to provide new insights for insurers, while enhancing timeliness, accuracy, and value for regulators.

Solution Category

  • Blockchain