insurance

ANZ and IBM Building Blockchain Solution for Insurance Industry

3 weeks ago admin2 Comments Off on ANZ and IBM Building Blockchain Solution for Insurance Industry
The Australia and New Zealand Banking Group (ANZ) has announced a blockchain solution aimed to improve efficiency in the insurance industry. Working with tech giant IBM and financial services firm Suncorp New Zealand, ANZ is building a blockchain-based platform that will ease the transfer of data and premium payments between brokers and insurers, ultimately making Read More

First-of-its-Kind Blockchain-Based Hurricane Insurance Policy Created for Puerto Rico

4 weeks ago admin2 Comments Off on First-of-its-Kind Blockchain-Based Hurricane Insurance Policy Created for Puerto Rico
A decentralised insurance platform has announced its support for the first blockchain-enabled insurance product to tackle natural disasters in Puerto Rico. According to an announcement, Etherisc’s hurricane insurance policy uses smart contracts to take away the strain of having to deal with traditional insurance companies. The need for the new policy from the Zug-based startup Read More

Lawmakers Debate Bill To Prevent Insurance From Changing Prescription Coverage

1 month ago admin2 Comments Off on Lawmakers Debate Bill To Prevent Insurance From Changing Prescription Coverage
By Shaun Boyd DENVER (CBS4)– State lawmakers have made the rising cost of prescription drugs a top priority this legislative session. The latest bill would ensure that when you sign up for a plan that covers your medicine, you don’t have the rug pulled out from under you. (credit: CBS) Kristin Stathis among those testifying Read More

Blockchain Slump? Banks May Be Fatigued But Insurers Are Pumped

1 month ago admin2 Comments Off on Blockchain Slump? Banks May Be Fatigued But Insurers Are Pumped
Progress reports on blockchain projects in the banking and insurance sectors offered an illuminating comparison at the Blockchain Expo in London Thursday.   While bankers came across as browbeaten and anxious, their cousins in insurance were anything but. Indeed, the tone for banking was set on a panel looking at the potential of blockchain for Read More

Marsh Insurance Firm Partners With IBM To Apply Blockchain For Proof Of Insurance

1 month ago admin2 Comments Off on Marsh Insurance Firm Partners With IBM To Apply Blockchain For Proof Of Insurance
Marsh, a global insurance brokerage and risk management firm, announced the first commercial Blockchain solution for proof of insurance, Business Wire reported April 16. With this application of Blockchain technology, Marsh aims to transfigure the certificate of insurance process “from complicated and manual to streamlined and transparent”. This will reportedly allow customers to improve business Read More

US Insurance Giants UnitedHealth and Humana Launch Blockchain Pilot

2 months ago admin2 Comments Off on US Insurance Giants UnitedHealth and Humana Launch Blockchain Pilot
Two of the largest health insurance providers in the U.S. announced Monday that they would pursue a blockchain pilot aimed at improving the quality of healthcare data. UnitedHealth Group and Humana – who are largely rivals in the health insurance industry – said that they would develop the pilot in cooperation with MultiPlan and Quest Diagnostics. UnitedHealth Read More

Report: Korean Insurer Denies Claim from Bankrupt Crypto Exchange

2 months ago admin2 Comments Off on Report: Korean Insurer Denies Claim from Bankrupt Crypto Exchange
South Korean cryptocurrency exchange Youbit has reportedly had its insurance claim denied months after it closed following a debilitating hack. In December, Youbit declared bankruptcy after suffering twin hacks over the course of 2017, including one that officials suspected at the time could be traced to North Korea. The second attack, which Youbit said resulted in Read More

B3i Shifts From Blockchain Consortium to Full-Fledged Company

2 months ago admin2 Comments Off on B3i Shifts From Blockchain Consortium to Full-Fledged Company
A blockchain consortium backed by a group of global insurance firms has created an independent company with the aim of commercializing some of the solutions it has developed. B3i is backed by notable firms including giants AIG and AIA as well as founding members like Allianz, Aegon and Swiss Re, among others. The group first debuted Read More

Don’t look now, but the Republican tax bill will cut $25 billion from Medicare next year

6 months ago admin2 Comments Off on Don’t look now, but the Republican tax bill will cut $25 billion from Medicare next year
As both candidate and president, Donald Trump promised not to cut either Medicaid or Medicare, the government health-insurance programs for the poor and the elderly. The Republican party’s tax reform proposal, however, looks set to break that promise. Republican leaders want their tax bill to end the individual mandate, the requirement for all Americans to Read More

European Insurance Sector Adopting Blockchain to Protect Data

6 months ago admin2 Comments Off on European Insurance Sector Adopting Blockchain to Protect Data
It seems that Blockchain technology is becoming ubiquitous among financial and technology spaces these days. With a huge adoption curve, the new technology space is quickly finding use cases in a number of industries. The latest addition to the Blockchain revolution is insurance, as a group of fourteen European insurance providers have partnered together with Read More