'Blockchain in Insurance Sector: The Revolution Has Begun' blockchain blockchaintechnology
USD 1,393.8 millionTherefore, digital ledger technology will gain great hype in the coming days. But don’t you want to know the benefits of using Blockchain in the insurance sector? If yes, you are on the right page of the search engine.
For example- Sun Life Financial and Accenture have collaborated to create a Blockchain-based platform that helps retirees get access to services that extend beyond the country they currently reside in.Blockchain is an incorruptible technology, so it will help insurers build trust among their clients. This feature can make the entire insurance ecosystem more efficient and reduce administrative costs.can create a Blockchain-based platform where policyholders can track claims at every stage.
3. Using this ledger, individuals can purchase travel, health, home, and other types of insurance policies at a cheaper rate. 7. The technology offers more accurate data and better transparency which will enhance the trust of all stakeholders.
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