The Blockchain Insurance Industry Initiative, a consortium
The
Meeusen said that the group, which goes by B3i for short, will be "significantly enlarged and fully international in scope." The group also could be ready in as soon as eight weeks to test its database.
In October, the B3i said it would "co-produce a pilot project, using anonymized transaction information and anonymized quantitative data, in order to achieve a blockchain proof of concept for inter-group retrocessions."
Despite the buzz over AI's positive impact on claims, carriers may need to ramp up their anti-fraud efforts.
Progressive launches Accident Response, Crum & Forster introduce new insurance for CISOs and Tokio Marine Group partners with Resilient Cities Network, plus more insurtech news.
AI expert told the association of state insurance regulators that collecting information on cyber attacks could give hackers clues.
A new study from CCC examines key factors affecting customer satisfaction.
Some best practices and use cases for insurance agents as they consider adopting artificial intelligence.
Amid steady customer growth, USAA's banking arm failed to make the investments necessary to satisfy either its regulators or some decades-long customers. Changes in the executive suite haven't fixed the problems.
