Solution Highlights

• Blockchain’s transparency could repair the “crisis of trust” in this industry.
• Streamlined data entry, combined with greater control of personal data.
• Smart contracts ensure a faster, more streamlined process of managing claims. Once the contract requirements are met, the coverage is released and the payment is made in one seamless, automated transaction.
• The public ledger and its ability to verify data is one of blockchain’s greatest strengths, and could also have the greatest impact on the insurance industry.
• The current process of securing your digital identity is both centralized and based on passwords. This makes your online data and assets susceptible to attack in two ways:
  • There’s a single point of failure
  • Human error is unavoidable
• Hyper-personalization enablers and key aspects
  • User behaviour capturing
  • Novel recommendation systems
  • Big data and artificial intelligence technologies
  • Data Privacy and Accessibility