Blockchain Technology Holds Good Potential in Insurance Sector, States Verdict Retail in Its New Report Available at MarketPubishers.com27 Sep 2016 • by Natalie Aster
LONDON – Blockchain is a technology with enormous innovation potential in all spheres of financial services.
Blockchain ultimately provides access to decentralized, secure transactions, enabling an advanced basis for governance, non-repudiation, fraud prevention, reporting, and also personal and financial data.
Insurance companies consider blockchain as a good opportunity to integrate the ecosystems of trusted third-parties to decrease the costs of their global platforms, expand market and customer reach, and elaborate novel propositions.
Blockchain offers extended scope for insurance carriers to maximise governance via better data access, third-party controls, and more proficient management of the risks related to their services and products, comprising cyber insurance and resilience services.
New research publication “Blockchain: An Emerging Digital Platform for Insurers” created by Verdict Retail provides an in-depth assessment of blockchain technology and its future application to the insurance domain. The research publication examines how blockchain could revolutionise many of the old-established processes and systems within the general insurance sector, and how insurers could capitalise on the typical features provided by the tech. The report also gives an insightful overview of the constraints of blockchain and the challenges insurance firms will likely face in the offing.
Reasons to Buy:
- Get deep insights into how blockchain technology is functioning; find out how blockchain could be used in general insurance, encompassing the prospective limitations and advantages.
- Explore how the insurers are investing in the technology and seeking to develop blockchain-centric propositions in the years to come.
More comprehensive research reports by Verdict Retail are available in this catalogue.