Here are 12 ways insurers are leveraging blockchain tech including smart contracts, back-office help, and insurer-to-insurer payments.
Insurance companies have been testing out the potential of blockchain for years, continuing to invest time and resources into these efforts even as blockchain and crypto hype have sputtered. (We dug into potential use cases for blockchain tech in the insurance industry in an earlier brief.)
While it’s too early to see exactly how transformative these pilot projects could be for the insurance industry, initiatives span a variety of use cases. Below, we dig into 12 of the leading global initiatives applying blockchain to insurance.