Set fair for the next phase of risk management: Marine blockchain platform goes live

Blockchain – the secure, decentralised and distributed ledger housed on a shared platform – is something that has been discussed by the tech community for a few years now. But the practical implications, and benefits, of blockchain for the risk and insurance business are only just beginning to be realised.

At XL Catlin we are delighted to have worked on a pilot with global shipping giant Maersk, consulting firm EY, fellow insurer MS Amlin, broker Willis Towers Watson, and blockchain vendor Guardtime to support a blockchain platform for marine risk.

In this article, Hélène Stanway, XL Catlin’s Digital Leader sheds light on the project’s latest developments and the advantages for risk managers as well as insurance buyers.