Blockchain

Aon, Chubb, Willis Re and 20 more carriers have joined B3i, a working group looking to develop blockchain-based insurance solutions.

The move follows new CEO Brian Duperreault’s earlier assertions the insurer would develop data science and analytics capabilities for underwriting.

Carriers are working to change the culture around underwriting to be more data-driven, says EY study.

Carriers should partner with upstart companies to speed digitalization, consultant adds.

Carrier is looking to develop customer experience comparable to that of Amazon and Google, according to Cathleen Scerbo, VP of IT business operations.

The tech firn doubles down on attempts to back early-stage companies that are building software around AI, blockchain and computer vision.

The objective is to develop early use cases for life and health carriers that both leverage the girth of data available to them and offer regulators transparency.

CoCo Framework looks to serve as trusted framework for distributed ledger technology.

Insurer has partnered with Founders Factory, a London-based accelerator, to develop five health startups each year.

With 496 deals completed so far this year, insurance, wealth management, lending and blockchain-related companies continue to attract new dollars.