“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete”
I had an opportunity to collaborate with Ernst & Young on producing a PoV paper about blockchain's transformational effect and opportunities for insurers. Available for download at EY's website. It provides a solid introduction to blockchain in general and more specific view on what it would mean in the context of the insurance industry (some outlined below).
Key opportunties for insurers
The table below is extended and elaborated, based on the report Chain Of A Lifetime: How Blockchain Technology Might Transform Personal Insurance, by Michael Mainelli and Chiara von Gunten, Z/Yen Group, Long Finance
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