Blockchain

With use cases in fraud protection, risk management, claim processing and smart contracts, blockchain has a promising future.

Carriers will be able to provide customers with far more accurate quotes, creating more trust and eventually enabling more self-service.

Risk is the killer app for distributed ledger technology, so it will likely take hold quickly in the insurance sector.

Blockchain has huge potential, but only if all insurance industry organizations work together for the greater good.

Insurers need to stop thinking about dipping their toes in the blockchain water. They need to jump in before they’re crowded out.

Blockchain may well become pervasive in insurance, but it is likely to evolve gradually over the next decade.

Current technology has moved little beyond pen and paper but blockchain provides a secure digital infrastructure.

A blockchain-based, industry-wide platform will be the catalyst for entirely new paradigms for selling and administering insurance.