How IoT, ML, AI and Blockchain Technology are Changing Insurance?
Changing technology affects everything from what we eat to how we pay for our meals. Have you ever considered how it is changing the insurance sector?
Blockchain in Insurance
8 posts
Blockchain has the ability to help automate claims functions by verifying coverage between companies and reinsurers. It will also automate payments between parties for claims and thus lower administrative costs for insurance companies.
Blockchain’s shared ledger technology can move fraud detection forward by consolidating claims data across insurers. By facilitating better data sharing, blockchain technology can save insurers the expense of paying for public and subscription data to prevent fraud.
A smart contract refers to an insurance contract or cover that pays out when certain, predefined conditions have been satisfied.
How Blockchain and Smart Contracts Transforms Insurance and InsurTech?
Smart contracts for digital insurers are getting a lot of attention these days. They offer a faster, safer, and less expensive way to provide cover
Insurance for Crypto Assets. How Does Crypto Insurance Coverage Helps Mitigate Against Losses?
For the digital asset market, insurance has proved something of a conundrum. As the sector has surged in value, the need for coverage has grown, but it has not proven easy
How Blockchain Can Help the Insurance Industry?
Blockchain continues to be a hot topic in the business world and news. Many people have heard of blockchain but may not be familiar with what it actually is
How Worldwide Cryptocurrency Adoption Changes Compensation & Rewards Programs?
While some employers may see using cryptocurrency as a way to differentiate themselves in attracting next-generation talent, there is also a case for caution in seeking creative ways to reward employees
