Widespread adoption of blockchain is happening sooner than you think and it's important to start thinking how it could help your insurance business in the near future. (Photo: Shutterstock)
Blockchain is predicted to remove 15%-25% of expenses cost and deliver an industry-wide saving of close to $5-10 billion in the reinsurance industry alone, and this is only the beginning.
While insurers are just beginning to dip their toe in blockchain technology, early adopters argue that blockchain can lead to greater efficiency, reduce fraud and increase transparency across the claims process.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
