BLOCKCHAIN SET TO TAKE PAIN OUT OF GLOBAL PROGRAMMES

Blockchain technology, which has been shown to significantly reduce the administrative burden for risk manager designing Multinational Programmes and enhanced service from insurers, is set to revolutionize this famously complicated area of insurance.

A number of insurers have been testing blockchain technology, including its application for Multinational Insurance Programs.

AIG’s development of blockchain technology in the Multinational Insurance Space has changed the mindset of other players.

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