Nice read on how Blockchain could impact insurance!
Is blockchain a solution in search of a problem? For the insurance industry, there’s been plenty of chatter about distributed ledger technology and smart contracts, but take-up has been thin. The recent catastrophe swap that Allianz Risk Transfer (ART) completed marks an important development in the adoption of blockchain, and it could pave the way for much more activity. The first transaction is always the hardest. And there’s one significant barrier to making blockchain an industry standard: the nature of insurance protection itself.