Insurance

Today’s insurance industry faces a number of challenges, including disparate sources of data and inefficient contract placement involving extensive manual intervention. In addition, the claims process is complicated, with archaic billing systems and processes that lead to high reconciliation costs, ambiguity in loss conditions, and settlement delays creating high expense ratios for insurers. Blockchain is the ideal solution for the insurance industry to address the end-to-end issues facing insurers. Distributed ledger and blockchain technology enable the entire insurance ecosystem to streamline operations and lower expense ratios from back-office operations. Learn more about the benefits of blockchain for insurance and the most common use cases. Download Corda Enterprise and start your free trial today.