Blockchain in Insurance, 2019: A Market Overview

Blockchain technology is evolving rapidly, and insurers need to find partners now: Aite Group report

London, UK (Mar. 6, 2019) – Blockchain continues to gain momentum in the insurance industry as a potential solution for just about any problem. The trouble lies in identifying which problems blockchain is best suited for and how to begin implementing those solutions. A carrier must thoroughly vet a blockchain solution before taking any action to ensure that the solution best fits the problem, that the solution is viable and scalable, and that the technology will fit within the current scope of the carrier’s business model.

This new report from Aite Group, Blockchain in Insurance, 2019: A Market Overview, helps insurance executives identify the best potential blockchain solutions that are being developed and prepare to incorporate those into the overall business process. Based on 40 phone interviews conducted with blockchain experts, C-level executives, innovation directors, and thought leaders at insurers, reinsurers, technology vendors, consulting firms, and venture capitalists around the world between October 2018 and January 2019, this report profiles 13 organizations and technology vendors: Accenture, B3i, Black Insurance, Blocksure, Change Healthcare (with Tibco), Civic Technologies, Everledger, Galileo Platforms, Guardtime, IBM, PencilData, Synechron, and TransUnion.

What blockchain might look like (Aite Group)

What blockchain might look like (Aite Group)

This 38-page Impact Report contains three figures and 14 tables. Clients of Aite Group’s Health Insurance, Life Insurance, or P&C Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.

Click here for the online report summary or to download the table of contents.

This report mentions AIG, American Association of Insurance Services, Covea, EY, Insure-Now, Standard Chartered, and Zurich-Benelux.

About Aite Group

Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us at

Source: Aite Group

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