How Blockchain Is Helping Insurance To Evolve For Its Modern Consumers

| December 22, 2019

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Currently, insurers struggle with the inefficient exchange of information, complex liability assessments when it comes to reinsurance, fragmented data sources, the use of a middleman and a manual-driven claims review and process environment. The Blockchain can change all that. Even when only used in the underwriting process, the Blockchain can help reduce costs, improve risk assessments and enhance client onboarding. It can also change the claims submission process from its registration through to assessment and payment. Having a simplified (and secure) environment to automate much of this, will radically reduce fraud and deliver a better customer experience.

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Interactive Insurance Brokers LLC

INTERACTIVE Insurance Brokers was established in 2001 with a strong intent of being a preferred service provider in the Insurance industry. With a mission in hand to “Serve sincerely and Protect exceptionally”, INTERACTIVE has successfully overcome every other hurdle to be one of the most reputed Insurance Brokerages in UAE. Our urge to improvise with every opportunity has given us immense success and today we stand tall on our accomplishments over the years.

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