The Blockchain Insurance Industry Initiative, a consortium
The
Meeusen said that the group, which goes by B3i for short, will be "significantly enlarged and fully international in scope." The group also could be ready in as soon as eight weeks to test its database.
In October, the B3i said it would "co-produce a pilot project, using anonymized transaction information and anonymized quantitative data, in order to achieve a blockchain proof of concept for inter-group retrocessions."
Insurers embedding coverage in other venues are finding the practice adds risks, and agents point to their value for interpreting coverage to policy buyers.
Allstate found that customers who use Drivewise are 25% less likely to experience a severe collision than those who don't.
Geico, State Farm and Progressive ranked as top three overall in Keynova's Mobile Insurance Scorecard.
The top five states have an average of 489.8 AI-related online searches per month for every 100,000 residents.
Globe Life; AAA; and more law and legal news out of Maryland and Florida.
The record drop in Globe Life Inc. this week extended a streak of wins for the short-selling group that released a report against the insurance company.