Along with the Internet-of-Things and Artificial Intelligence, Distributed Ledger Technologies (DLTs) are forecasted to be the disruptive x-factor of the 21st Century. In this article, we look at how a specific DLT, blockchain, is the perfect fit for insurance-based use cases.
2018 was a good year for insurers, especially in countries like the U.S., where property and casualty (P&C) doubled net income. However, a key finding of a report from PwC on the insurance sector stated “CEOs continue to report that theirs is one of the most disrupted industries.” With Artificial.
You wake up in the middle of the night feeling cold, and reach for your phone to turn up the thermostat. When you drive to work, you use your car’s navigation system to determine the best route. While smart products that make this kind of convenience possible aren’t universal yet, they’re little by.
Across the globe, cyber crime costs companies over $600 billion annually. This means that it’s more important than ever for companies to protect themselves from the staggering costs of hacking. Insurance companies are particularly at risk due to the fact that they deal with sensitive customer.