Blockchain technology as a platform for digitization: Implications for the insurance industry

In this report, we discuss how innovation in the insurance marketplace (in particular the arrival of blockchain technology) may contribute to the future infrastructure the industry needs and how it can be applied to reinforce the chain of trust. We identify the key attributes and opportunities that blockchain presents and examine insurance company readiness for digitization; How will the industry respond to its obligations to customers, markets and regulators and what key issues need to be considered?