11 West 42nd Street, 8th Floor New York, NY 10036
T: 1 646 630 7421
2 London Wall Place, London, EC2Y 5AU
T: 0207 113 1500
18 Robinson Road, Level 14-02, Singapore 048547
Av. Angélica, 2529 - Bela Vista, 6th Floor São Paulo - SP, 01227-200, Brazil
40-44 Bonham Strand, 7F Sheung Wan, Hong Kong
March 2018Download PDF
AbstractCommercial and specialty insurance contracts and the resulting financial transactions between counterparties are both complex and costly to administer. Blockchain-based platforms can reduce costs in the core Accounting and Settlement processes by coordinating shared processes and reducing complexity, while also facilitating the final payment netting between counterparties. This whitepaper is suitable for business readers who wish to understand some of the complexities in the Accounting and Settlement processes of this sector or technical architects who need to understand how particular blockchain platforms provide value within insurance.
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