The Institutes has announced a new blockchain framework called RiskBlock to provide more streamlined and secure proof of insurance.
Blockchain startup Stratumn has announced the completion of a blockchain proof-of-concept trial involving 14 insurance companies.
The trial was piloted by the French Federation of Insurers and received support from "Big Four" accounting firm Deloitte, according to a press release issued Thursday.
As described, the initiative set out to examine blockchain's potential in streamlining insurance industry notification dispatches in accordance with Frances new "Hamon Law" – legislation that enables consumers to switch insurers at any time after the first year, sometimes within 30 days.
Global insurer Allianz has unveiled a new blockchain prototype focused on "captive" insurance policies.
The prototype, the firm announced today, is aimed at providing a more streamlined approach for captive or self-insurance policies. With this type of product, a company will essentially insure themselves and their subsidiaries versus a more traditional policy purchase.
Major insurance groups AIG and AIA are among 23 new members of the B3i blockchain insurance consortium.
The new slate of entrants was unveiled earlier today, drawing in members from Asia, the Middle East and North America, among other regions. B3i initially launched in October of last year, backed by a group of notable European-based insurers that included Allianz, Aegon, Swiss Re and more.
Today, at the Distributed: Health 2017 conference in Nashville, Tennessee, Change Healthcare announced blockchain solutions on an enterprise scale. According to the company, which is one of the major independent healthcare technology providers in the U.S., the utilization of blockchain technology will help their clients in boosting revenue cycle efficiency, improving real-time analytics, cutting down costs and creating “innovative new services.