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.

Fullscreen Mode

 

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Mesh Networks

Related Content

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

Cosmos and Polkadot for the Enterprise

This project explores one of the most critical implementation challenges of blockchain technologies: interoperability. Enterprise uses are reluctant to tokenize their assets or invest seriously in decentralized finance and digital asset management capabilities without assurances that they will be able to move these assets across blockchain platforms. What if chosen platforms fail? What if better platforms emerge? Some of the best minds in the space are addressing these issues head on with a range of innovative solutions. This project features two of them: Cosmos and Polkadot. It looks at their origins and ethos, architecture and core technology components (including the role of their native tokens ATOM and DOT), consensus and governance, and the applications already using them. Finally, the author reviews what enterprise decision-makers need to know as they weigh their options.

Read More
BRI Europe