Research Report | Blockchain Empowerment Reinsurance Research Report

In February 2018, the first reinsurance blockchain technology application experiment completed by the Shanghai Insurance Regulatory Commission was completed. The experiment verified the feasibility of reinsurance practice application. The reinsurance blockchain is mostly a coalition chain and is currently undergoing a transition from an open source platform to an independent R&D. The automatic execution of blockchain smart contracts, the traceability and fidelity of distributed ledgers, can help reinsurer alliances optimize cost-effectiveness and greatly reduce the management costs of reinsurers.

The application framework of the reinsurance blockchain is broad, and the reinsurance companies and direct insurance companies, self-insurance companies, banks, brokers, and special purpose institutions that provide securities derivatives services have the possibility of business integration .

In this part of the case, we mainly focus on catastrophe reinsurance, and explore the series of advantages that blockchain technology brings to the reinsurance industry. We expect blockchain technology to have more applications in the field of direct insurance in 2019, and linkage reinsurance for mutual benefit.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

The hacker is keeping a close eye on the currency exchange: 5 were killed and 8 were "Lai Lai"

Digital currency is becoming a fertile ground for hackers. The hot exchange is undoubtedly a huge "gold mine&quo...

Blockchain

The compliance exchange is about to appear in Singapore?

On December 18, 2019, the official website of the Monetary Authority of Singapore (hereinafter referred to as "M...

Blockchain

"New and old" exchanges compete on the same stage, how can you play in the future? | Interview with SheKnows

Exchanges are an important part of the blockchain ecosystem. They interact directly with users and therefore change a...

Blockchain

Coinbase's effect on the currency is not strong, mainly because the market is at work.

Coinbase is one of the most influential compliance exchanges in the world, providing multiple French currency channel...

Blockchain

Solana Ecosystem Bounces Back from FTX Collapse with a Dash of Resilience and a Pinch of Silver Lining

Solana CEO, Anatoly Yakovenko, discusses the impact of FTX's downfall on Solana's ecosystem startups and projects.

DeFi

LK Venture Research Report | Telegram vs Twitter Who will dominate the super application race in the Web3 era?

Original author LeoDengSummary X and Telegram are globally renowned social media platforms that are exploring in the ...