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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King Price Insurance

We know that car insurance is a grudge purchase but, with more than 10 million cars on the road in South Africa, it is necessary. So, we try to take the ‘eina’ out of your insurance options.

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