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. https://medium.com/inmediatesg/how-blockchain-is-helping-insurance-to-evolve-for-its-modern-consumers-d33785bb9f68
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SHARESHARESHARE
HOW BLOCKCHAIN IS HELPING INSURANCE TO EVOLVE FOR ITS MODERN CONSUMERS
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. READ MORE