Tag: insurance

  • vernam

    Vernam: Blockchain Powered Zero Commission Insurance Provider

    The use of blockchain in the insurance sector has been one of the major areas of interest as it has the potential to streamline the entire process, starting from buying a policy, to investigating incidents and fulfilling the claims. With the involvement of agents, middlemen and other third-party...

    Guest Author | May 9, 2018 | 9:47 am
  • NewsBTC Cryptocurrency Insurance

    Insurance Providers Venture into Cryptocurrency

    There is nothing worse for cryptocurrency enthusiasts than having one’s Bitcoin balance stolen. If this involves an exchange or online wallet, there’s a chance money will be recovered eventually. In every other case, however, there is no recourse or way to get the money back. This situation temps...

    JP Buntinx | February 1, 2018 | 9:30 am
  • fidentiax, blockchain, insurance,

    FidentiaX to Bring The 1st Marketplace for Tradable Insurance Policies

    FidentiaX, a Singapore based fintech start-up, has announced the launch of world’s first marketplace based on blockchain technology for tradable insurance policies.  As per the recent announcement, the platform is currently in development phase and is capable of disrupting the status quo in the industry. The Objective The...

    Jayanand Sagar | October 17, 2017 | 10:17 am
  • NewsBTC Umbrella Coin Insurance

    Umbrella Coin Aims to Democratize the Insurance Industry

    Many different types of projects are being developed on top of the Ethereum blockchain as we speak. Umbrella Coin is one of those projects and it has a lot of potential. More specifically, the team is looking into providing the next generation insurance platform. Life will happen in...

    Jayanand Sagar | August 16, 2017 | 8:38 am
  • insurance sector

    Indian Insurance Bajaj Allianz Speeds Claims Process Blockchain Tech

    Bajaj Allianz General Insurance, an Indian insurance major, has announced a successful implementation of blockchain technology into its operations. The new solution, targeting its travel and motor insurance products will speed up the claims settlement process. The announcement by Bajaj Allianz, a collaborative initiative between Indian auto major...

    Gautham | July 9, 2017 | 4:30 pm
  • insurance sector

    Japanese Merchants Might Soon Get Insurance Against Failed BT

    Bitcoin has gained the status of a mainstream currency in Japan. The growth in adoption of a new mode of payment comes with its own set of challenges due to the decentralized nature of the cryptocurrency. Merchants including Bitcoin as a method of payment are a bit apprehensive...

    Gautham | July 1, 2017 | 8:49 pm
  • insurance sector

    AIG Issues Its First Insurance Policy on Blockchain

    AIG, the multinational insurance provider, has announced its first blockchain based insurance policy, that was issued to UK’s Standard Chartered Bank. The blockchain policy termed the “master policy” governs multiple policies for the bank’s operations in various countries. The insurance sector has found that blockchain technology can offer...

    Gautham | June 18, 2017 | 8:30 pm
  • insurance sector

    Japan’s Mitsui Sumitomo Introduces New Bitcoin Insurance

    The cryptocurrency revolution is opening up new markets for conventional businesses as well. The insurance industry is one such sector that can capitalize on the increasing demand. Mitsui Sumitomo, the Japanese insurance major has announced its plans to offer a new product exclusively for the cryptocurrency sector. Cryptocurrency...

    Gautham | November 24, 2016 | 9:30 pm
  • safeshare

    SafeShare Insurance over Blockchain for Shared Economy Businesses

    The Blockchain technology is designed to be secure by default as it stores important cryptocurrency transaction data. The information stored on blockchain is responsible for the execution of transactions and prevention of double spending. The bitcoin blockchain is built around the SHA-256 cryptographic function to secure data. The open source...

    Gautham | March 19, 2016 | 8:00 pm

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