London-based insurtech start-up Blocksure has launched a new blockchain platform for the insurance industry that it claims could cut back-office cost by half.
Blocksure’s first product is underwritten by Covéa Insurance in partnership with broker Commercial and General. The platform will be applicable to all lines of business in general insurance with some life and health segments. The start-up claims to be the first British blockchain platform for mainstream insurance to go live with an insurer and broker with plans to be available in some overseas markets late in the fourth quarter of 2018.
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07 Aug 2018