Insurance is an old industry. Entrepreneurs are looking at how the latest technologies can create new business models to increase efficiency, reduce administration and make insurance products attractive to today’s digital natives.
Blockchain technology offers the potential to break down many of the structural issues that have created frictions and a lack of trust in insurance markets.
This whitepaper looks at how blockchain can reshape the insurance landscape whilst assessing the opportunities, challenges and risks associated with this emerging technology.
• The rising threat of ‘privacy regulation’.
• The basic principles of blockchain technology.
• Insurance industry initiative, B3i.
• The future of insurance policies.