Blockchain and Insurance

The Trust Machine

Blockchain is a potential game-changing technology for the insurance industry over the long term, according to a new report from Fitch Ratings. Benefits could range from significantly reduced operating costs, more accurate customer-specific data, and better risk pricing and improved efficiencies. However, the technology remains unproven, and greater clarity around its advantages and risks will be revealed over the next three to five years. 

Report Highlights:

• Rapid Pace of Technological Change
• Fundamentals of Blockchain
• Potential Benefits to Insurers
• Blockchain Risk and Uncertainty
• Monitoring Blockchain’s Progress