Blockchain could cut insurers' admin costs by 30%; B3i goes commercial

Retrieved on: 2018-01-28 18:52:30

Tags for this article:

Cryptocurrencies

Blockchains

Click the tags to see associated articles and topics

Blockchain could cut insurers' admin costs by 30%; B3i goes commercial. View article details on hiswai:

Excerpt

<div>The property-catastrophe excess-of-loss reinsurance contract (Cat XOL) enables insurers, brokers and reinsurers to process the terms of the agreed contract digitally. The information is stored on a blockchain platform. “It creates a single version of the truth, in a <b>smart contract</b>. Being a <b>smart contract</b>, it is ...</div>

Article found on:

View Original Article