Marsh pilots blockchain-powered insurance placement platform
Marsh | September 25, 2019
Global insurance broker Marsh has announced that it is piloting a new digital placement platform powered by blockchain technology. The platform, Risk Exchange, was proposed by a winning Marsh hackathon team and further developed in Marsh Digital Labs. It allows Marsh brokers to provide real-time information and feedback on the placement and binding process. In the pilot program, Marsh clients Dow and SharkNinja will bind US trade-credit policies with carriers AIG and Euler Hermes, receiving real-time status updates and notifications throughout the process.