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Arthur D. Little

Arthur D. Little has been at the forefront of innovation since 1886. We are an acknowledged thought leader in linking strategy, innovation and transformation in technology-intensive and converging industries. We enable our clients to build innovation capabilities and transform their organizations. ADL is present in the most important business centers around the world. We are proud to serve most of the Fortune 1000 companies, in addition to other leading firms and public sector organizations. For further information, please visit www.adlittle.com

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Finnovating is a Matching as a service platform that enables X-Techs from all around the word to connect , collaborate and get the funding they need to grow from investors and corporations globally. The Finnovating platform is a space were the key players of the Tech industry can connect together easily and boost global Tech innovations.

SØNR

Sønr is the world’s most comprehensive source of innovation intelligence. It is a subscription platform used by some of the best known insurance companies globally.

It tracks millions of companies around the world and provides insight on the latest market trends, the startups and scaleups reshaping the industry, and intelligence on how other big insurers are innovating.

Sønr includes a suite of tools designed for teams to better collaborate and connect. From recording meetings to capturing and sharing Notes, to being able to track and share activity across the company using Watchlists and CRM boards.

The platform is backed up by a team of consultants, researchers and analysts who support clients in discovering and creating new business opportunities.

Blockchain in the Insurance Sector – PwC Report

Article Synopsis :
Blockchain offers more reliable and secure transactions faster and more cheaply whilst reducing risk and fraud. Quite the value proposition.

 The Digital Insurer reviews PwC’s Report on Blockchain in the Insurance Sector

Blockchain use cases are cropping up claims, subrogation and policy placement  

In “Blockchain in the Insurance Sector”, PwC provides key metrics on blockchain adoption and a discussion on how the the technology may transform various insurance functions.

Over $1 billion has been invested in blockchain companies since the technology’s creation in 2009, with a 59% increase in 2016. Use cases for blockchain in insurance include:

  1. Claims Management: Redressals handled in a more effective and efficient manner, i.e., placing customers in control with enhanced transparency and fraud reduction and improved service and flexibility.
  2. Subrogation: Providing a shared mechanism for insurers to  manage the subrogation process handling inter-company claims faster, cheaper, and with higher resilience.
  3. Policy Placement: Automating the placement of wholesale markets with reduction in duplication and more accurate information capture with a full audit history of every transaction.

Blockchain doesn’t present the solution to every industry problem. Its successful application in targeted areas will depend on organizational strategy, technology landscape, and regulatory considerations.

Link to Full Article:: click here

Digital Insurer's Comments

Blockchain is an interesting technology, and its inherent nature (decentralized,  dis-intermediated and transparent) makes it suitable for application in any multi-stakeholder environment – such as insurance.

Insurers need to work in an agile and coordinated way to develop reliable and sustainable blockchain solutions. A recommended next step is to identify a group of like-minded firms and form a consortium to investigate blockchain business cases as is being done by Zhong An with its blockchain open platform initiative in China.

Link to Source:: click here

More on Blockchain

 

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