Blockchain

Spun off from auto and home insurtech Cover, the blockchain-based reinsurance platform logs $35 million in coverage year-to-date

Digital Insurance spoke with Sarah Downey, managing director, blockchain advisory leader and financial services claims leader at Lockton Companies, the global insurance brokerage firm.

For example, a smart contract-enabled parametric insurance product could be designed to automatically pay out to farmers in the event of a drought.

Ukrainian pet insurance start-up expanding its U.S. reach and product offerings

InsurAce, Nexus Mutual cover losses on basis of custody

Blockchain-based data consortium works to adapt FNOL and title information services through Guidewire.

The main opportunity comes from the ability to optimize workflows and offer better pricing models.

Communications, parametric coverage and managing data are among the applications taking hold

'Crypto' and 'volatile' currently seem to go hand-in-hand as the insurance cautiously navigates a 'wild west' crypto landscape.

A blueprint for a shared ledger for digital money would include central bank digital currencies, bank deposits and e-money from companies like PayPal — but not unsupervised cryptocurrencies.