WEDNESDAY, MAY 23, 2018
If you were wondering what Blockchain is all about, at least as it relates to the insurance industry this article from Baker McKenzie thought leaders Huhnsik Chung and Nicholas Secura explores how blockchain could benefit the insurance industry. Fraud is estimated at over $40 billion for non-health insurers – that’s where the property and casualty insurance focus of Chartwell is. What does Blockchain promise the insurance industry? Claims reporting could be streamlined. Personal data could be encrypted and redundancies will facilitate the transfer of information in applications and renewals. Read more here.
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NOTICE: This and all content is developed from sources believed to be providing accurate information.
The information in this material is not intended to be used as tax or legal advice. Please consult with a tax and/or legal professional
for detailed information regarding your individual situation. Some of this material was developed and shared by Chartwell Insurance Services to provide information
that may be of interest. Chartwell Insurance Services is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm.
The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
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