Global Insurers Realize Innovation Is Critical for Future Success: A.M. Best Survey

Article 0 Comments A significant majority of global insurers understand that innovation is increasingly becoming a competitive differentiator in the global marketplace, according to the results of an A.M. Best survey of its rated entities. More than 80 percent of survey respondents said that innovation was moderately to extremely critical […]

Industry Blockchain Initiative B3i Gets Ready to Go Live for January Renewals

Article 0 Comments The industry’s Blockchain Insurance Industry Initiative (B3i) announced a year ago it had developed a reinsurance blockchain prototype for a property excess-of-loss contract and asked the industry to help test it. The initial results are in. Months of testing by 40 insurers, reinsurers and brokers did identify […]

Blockchain Is Tech Evolution That Will Create Re/Insurance Revolution: B3i’s Marke

Article 0 Comments Blockchain technology is moving out of the lab and into the insurance business. It’s moving past the hype phase and is edging closer to providing real-life efficiency improvements for the industry. It’s been a slow and evolutionary process—one that ultimately will create a revolution for the insurance […]

B3i Chooses R3’s Corda Blockchain Platform for Development of Business Network

Article 0 Comments B3i, The Blockchain Insurance Industry Initiative, has announced it will build its applications and business network on the Corda blockchain platform, supplied by software firm R3. Following an extensive evaluation, which focused on the critical success factors of data privacy, scalability, interoperability and developer productivity, B3i Services […]

Blockchain Insurance Industry Initiative, B3i, Forms Company Called ‘B3i Services’

Article 0 Comments The Blockchain Insurance Industry Initiative (B3i) announced the incorporation of B3i Services AG in Zurich, Switzerland. The company was formed by the founders of B3i, which previously operated as a collaborative initiative of 15 global insurers and reinsurers who came together in late 2016 to explore and […]