Blockchain In Commercial Insurance

Research Overview

Author: Henry M. Kim, Muhammad Izhar Mehar
Release Date: November 21, 2019

Abstract:

Insurance is a significant industry worldwide: in 2017, total global gross written premiums tallied $4.8 trillion. In this white paper, Henry Kim and Muhammad Izhar Mehar of the Schulich School of Business offer clear guidance for evaluating potential blockchain use cases in commercial insurance. They take a “first principles” approach rooted in historical and economic perspectives and provide a more scientific framework for comparisons. It is a practical work for professionals responsible for sizing up the potential of distributed ledger technology in the insurance industry.

Copyright 2019 Blockchain Research Institute ™ – not for distribution

Fullscreen Mode

 

Copyright 2019 Blockchain Research Institute ™.
This research paper is exclusively available for distribution to employees of BRI member organization for six months after the publish date. After six months, it will be made available for wider distribution under a Creative Commons license.

Mesh Networks

Related Content

Digital Asset Revolution

In this white paper, “Digital Asset Revolution: The Rise of DeFi and the Reinvention of Financial Services,” Alex Tapscott explores the disruptive effects of decentralized finance (DeFi) applications on the nine functions that Wall Street currently performs. He also examines the creation and use of nine cryptoassets such as non-fungible tokens, stablecoins, DeFi index funds, synthetic securities, and central bank digital currencies. Finally, Alex discusses Web 3 innovations with Layer 1 and Layer 2 solutions to such implementation challenges as scalability, interoperability, and ease of use. If bitcoin was the spark for the financial services revolution, then DeFi and digital assets are the accelerant. This is a must-read for leaders who want to understand how blockchain will transform every aspect of the global economy.

Read More

Non-Fungible Tokens – Part II: An Enterprise View of Programmable Digital Assets

In recent months, popularity of non-fungible tokens has soared again, at a new level of maturity in tools, infrastructure, and proven use cases. These advances have catalyzed the interest of enterprise leaders seeking to understand the value of NFTs in their businesses. This project focuses on what companies should know about this fledgling industry for unique digital assets. NFTs present opportunities to tokenize intellectual property, reputation, conversations, tangible assets, and new ways to engage customers, employees, and communities. From social media and online gaming to enterprise software and physical goods, organizations should find use cases worth pursuing.

Read More
Subscribe