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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.