Bertrand Portier, Distinguished Engineer, IBM and Joan Zerkovich, SVP Operations, AAIS lead a session on blockchain in the insurance industry. While some in the insurance industry have taken a wait-and-see approach to Blockchain, others are quietly implementing it in processes and applications. Claims processing, fraud detection/prevention and secured record-keeping are just a few examples of how Blockchain is revolutionizing our industry, right now. The American Association of Insurance Services (AAIS) is one of just two licensed agencies authorized to collect rating, policy and loss cost data from its 700+ member insurers. AAIS has partnered with IBM to create an open Blockchain network that streamlines regulatory reporting to provide new insights for insurers, while enhancing timeliness, accuracy, and value for regulators. Come learn how Blockchain is implemented in insurance.
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Francisco Gimeno - BC Analyst Blockchain's working use cases are few. Among them, insurance industry is becoming a good example on how integrate this tech in their processes and applications, saving time, money and overall helping both sides of the chain, the insurers and the insured. Good practice.