sponsored The Ethereum Blockchain could cause major disruptions in the very centralized world of insurance as Umbrella Coin looks to make claims on hidden costs of insurance…
Japan’s largest IT services firm, NTT Data, has announced a new consortium aimed to investigate use cases for blockchain technology.
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 one way or another and being prepared […]
It is exciting to hear about cryptocurrency projects disrupting the status quo in many industries and helping consumers save money. One such industry that could use some shaking up is insurance. A project called Umbrella Coin is looking to change the way consumers think about insurance claims. Its goal is to democratize the whole process and provide policyholders with benefits when […]
150 new organizations join the Enterprise Ethereum Alliance – discover who they are.
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 and German Insurance giant, comes weeks after […]
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 about possible failed transactions which might force […]
Two bitcoin exchanges in Japan are launching insurance products aimed at preventing losses tied to failed transactions. Source
Japan’s leading bitcoin exchanges, Bitflyer and Coincheck, will start offering insurance for merchants to cover failed transactions involving bitcoin. Also read: Bitpoint Adds Bitcoin and Ether Payments to Platform with Unionpay, Wechat Pay and Alipay Insurance for Bitcoin-Accepting Merchants Two of Japan’s leading bitcoin exchanges, Bitflyer and Coincheck, are partnering with large Japanese insurance companies to […]
Bitfury has formed a new partnership focused on the insurance intermediation market with a Washington, DC-based insurance advisory firm. Source
AIG announces its first multinational smart contract-based insurance policy utilizing Blockchain technology in partnership with Standard Chartered Bank and IBM.
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 them loads of benefits at a fraction […]
Insurance is to get its first-ever Blockchain marketplace as UK-based InsureX announces ICO.
American insurance giant AIG has made what appears to be its first foray into blockchain, completing a trial with Standard Chartered today. Source
Russia’s financial incumbents are moving ahead with work on a new distributed ledger platform designed for enterprise use. Source