Blockchain in Insurance, 2019: A Market Overview

Blockchain technology is evolving rapidly, and insurers need to find partners now.

London, 6 March 2019 – Blockchain continues to gain momentum in the insurance industry as a potential solution for just about any problem. The trouble lies in identifying which problems blockchain is best suited for and how to begin implementing those solutions. A carrier must thoroughly vet a blockchain solution before taking any action to ensure that the solution best fits the problem, that the solution is viable and scalable, and that the technology will fit within the current scope of the carrier’s business model.

This report helps insurance executives identify the best potential blockchain solutions that are being developed and prepare to incorporate those into the overall business process. Based on 40 phone interviews conducted with blockchain experts, C-level executives, innovation directors, and thought leaders at insurers, reinsurers, technology vendors, consulting firms, and venture capitalists around the world between October 2018 and January 2019, this report profiles 13 organizations and technology vendors: Accenture, B3i, Black Insurance, Blocksure, Change Healthcare (with Tibco), Civic Technologies, Everledger, Galileo Platforms, Guardtime, IBM, PencilData, Synechron, and TransUnion.

This 38-page Impact Report contains three figures and 14 tables. Clients of Aite Group’s Health Insurance, Life Insurance, or P&C Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions AIG, American Association of Insurance Services, Covea, EY, Insure-Now, Standard Chartered, and Zurich-Benelux.

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