Drive Fourth Industrial Revolution in Insurance with Blockchain
"Blockchain offers an emerging opportunity for insurance companies to rethink
development, customer engagement and risk management." - Gartner
Health and life insurers need to improve the way they
records, interact with stakeholders and execute
transactions. Blockchain’s unique attributes can enable insurers to manage risk, cut costs, improve customer
expand their business, and, ultimately, support the bottom line
DLT holds the potential for streamlining, modernizing, and enhancing the
siloed infrastructure of the Insurance industry
using a shared fabric of common information. Let’s see what it does:
Cuts down on human activities required to run reconciliation and fix
Enables real-time tracking for regulators of financial activities of
No need to trust counterparties with for insurance process with smart
Fast and secure clearing and settlement times with smart contract-based solutions
Lowered locked-in capital and transparency into liquidity sourcing for
Complete transaction history and asset provenance from a single source of truth
Oodles Blockchain is a branch of Oodles Technologies, which has set out
to explore the potential of using Distributed
Ledger Technologies within the insurance industry for assisting all stakeholders in the value chain. We offer effective insurance solutions by developing them on a blockchain platform that’s most suited to
outcomes and opportunities for efficiency, growth and quality over the value chain to bring advantages to
participants including end customers. We wish to provide the insurance sector the medium to grow its
shareholders, partners and customers and form an ecosystem of insurance services and products designed “by
for the market.”
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