[ad_2][ad_1] Data are the basis of any strong "know your client" (KYC) and anti-fraud function. Since multiple prospecting and on-boarding insurance processes are outsourced to third parties or dealt with entirely with digital tools, how confident are you in the accuracy, reliability and verifiability of data provided by your customers? …
Read More »[ad_2][ad_1] Private Insurance Advisory American Association of Insurance Services (AAIS) introduced its blockchain-based insurance and reporting tool database, according to a video announcement released on August 15th. The platform, dubbed the Insurance Data Link (openIDL), is based on IBM's blockchain enterprise solution, using Hyperledger Fabric. The platform aims to reduce …
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[ad_2][ad_1] Blockchain has incredible potential in the insurance industry. At the fundamental level, it allows the transfer of value to an immutable record preservation technology, which could increase efficiency at all levels of the insurance value chain. Insurers and brokers can use blockchain technology to transform the way they manage, …
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