Blockchain in Insurance: What’s the Real Story?

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Strategy Meets Action Blog

Boston, MA (Oct. 11, 2017) – Strategy Meets Action, a leading insurance strategic advisory firm, has just published a new blog, Blockchain in Insurance: What’s the Real Story?, by SMA Partner Mark Breading.

“Blockchain will transform the world …”

“Distributed Ledger Technology represents the biggest change to the business world since the adoption of double-entry accounting centuries ago …”

“Every industry will experience upheaval as blockchain becomes the foundation of the new business environment.”

This type of hyperbole is common today when discussing blockchain technology. The key questions for business leaders are about how much is hype and how much is reality. Insurance executives are asking, “What’s the real story?”

SMA recently asked insurance executives for their views on blockchain to determine the level of awareness in the industry and their expectations about business use and value. The title of a new SMA Research Brief provides the main storyline: “Blockchain in Insurance: Awareness Grows, Activity Still Limited.” Compared to just one year ago, awareness has increased significantly. This is not surprising since blockchain articles, videos, and speeches are a dime a dozen these days. Many insurers have been to workshops, singled out individuals to become subject matter experts, and even joined consortiums related to blockchain. Education and understanding are growing steadily across the industry.

Click here to read the full blog.

About SMA

Exclusively serving the insurance industry, Strategy Meets Action (SMA) is an advisory services firm offering retainers, research, consulting, events, and innovation offerings to both insurance companies and solution providers. Learn more about SMA at www.strategymeetsaction.com.

SOURCE: Strategy Meets Action (SMA)

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