Blockchain and the insurance industry
Zurich, as part of a group of Europe's largest insurers, has launched the Blockchain Insurance Industry Initiative ‘B3i'. The initiative aims to transform the industry through a shared and transparent record of data.
With the potential for blockchain to become a feature of the insurance industry, this article explores the various applications it could serve.
Topics covered:
• Transparency and efficiency.
• Fraud detection and pricing.
• Reducing admin costs.
• Cyber security.
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