Unlocking the potential of blockchain

There is a great deal of excitement at present around the potential benefits of blockchain technology for the re/insurance sector. Blockchain is most often described as a technology that can make insurance transactions significantly cheaper, faster, more transparent and more secure. It is also credited with the potential to help underwriters mitigate risk and with new product development in that blockchain-enabled protocols can serve as a form of warranty, which guarantees certain aspects of the performance of new products.