Chain Reaction: How Blockchain Technology might transform wholesale insurance

Blockchain technology (Mutual distributed ledger) has the potential to be applied to a range of business processes that involve multiple parties exchanging data, with the ability to create a shared common view of data and automate inefficient business processes. And PwC has been investing heavily in building up our blockchain capability, creating Blockchain Delivery Lab in Belfast and announced strategic partnerships with Blockstream, Eris Industries and Digital Asset Holdings.

The new research conducted by Z/Yen and sponsored by PwC, is based on 50+ interviews with brokers, insurers, reinsurers, regulators and trade bodies from across the global wholesale insurance market. The findings highlight enthusiasm within the wholesale insurance industry to work together and implement blockchain solutions, and are complimented by a technical Proof of Concept developed by the PwC Blockchain Team in Belfast illustrating how blockchain technology can be applied to solve business problems.

 

Full information available here.

Published by

Immy Pandor

Immy Pandor

Immy Pandor
PwC
Birchstrasse 160
Postfach, 8050 Zurich
+41 58 792 4878

Immy leads the PwC Switzerland Insurance Practice as well as the Swiss Insurance Advisory business. Immy has more than 25 years of insurance sector experience, is a qualified accountant and holds a BA in Accounting and Law. Immy has been advising Insurance clients in a variety of topics from strategy to operational excellence for over 10 years.