Tag Archives: insurers

Vermont launches the blockchain pilot program for captive insurers

[ad_2][ad_1] Vermont Secretary of State Jim Condos and Financial Regulation Commissioner Michael Pieciak signed a memorandum of understanding on Wednesday underscoring collaborative efforts to explore the use of blockchain technology in digital preservation practices in the industry captive insurance. The pilot program will help the state identify areas where the …

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5 key benefits blockchain solutions can provide to insurers

[ad_2][ad_1] Widespread adoption of blockchain is happening sooner than you think (Photo: Shutterstock) Blockchain is predicted to remove 15% -25% of expenses and deliver an industry-wide saving of close to $ 5-10 billion in the reinsurance industry alone, and this is only the beginning. In the beginning, it is possible …

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