often handled by several layers of intermediaries using manual, highly inefficient processes.

Customers require suitable coverage at a fair price, from trusted insurers delivering good service and fast claims settlement. Insurers and intermediaries need access to quality business and to manage their operational and distribution costs across the insurance value chain.

Blockchain technology – a distributed, decentralised ledger that is immutable, secure, fast and transparent – has huge potential to enable the industry to face these challenges.

This peer-to-peer ecosystem facilitates increased trust, efficiency, and transparency – resulting in improved customer service, cost-efficient business models, faster transactions, and reduced risk through data access and collaboration