Insurers Working Toward Blockchain Automation on Claims

Blockchain, FinTech, Innovation, Investing, Regulation | August 29, 2017 By:

The traditional insurance broker may be disintermediated if a new blockchain prototype gains traction.

Blockchain insurance consortium B3i – which includes Liberty Mutual, Aegon, Allianz and other big insurers – is working on a prototype to automate many processes of catastrophe insurance. Through access by insurers and re-insurers (those who insurance the insurance company to mitigate risk and,