Eliminate manual errors and detect fraudulent activity with blockchain technology in insurance.
Easily verify KYC data, check policy and claim authenticity and access full immutable records.
Change the way your company provides transparency and builds business opportunities, solving major challenges in the industry with OpenLedger, a leading expert in blockchain insurance development.
Insurance companies and organizations face a number of challenges:
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Contact UsAll network participants have a full copy of the ledger for full transparency.
The identity of participants is either pseudonymous or anonymous
Transaction timestamp is recorded in a block
All network participants agree to the validity of each of the records
Any validated records are irreversible and cannot be changed
All records are individually encrypted
A blockchain is programmable («smart contracts»)
Eliminate manual errors and detect fraudulent activity with blockchain technology in insurance.
Easily verify KYC data, check policy and claim authenticity and access full immutable records.
Blockchain permits data to be simultaneously accessible and secure. Insurance companies can access complete, up-to-date information — everything from claims forms to police reports.
Enhance risk management, accelerate claims processing and improve data accuracy.
In blockchain-powered health insurance environments, all parties can securely and instantly store, update and share medical records.
This accelerates interoperability, leads to the creation of entirely new types of interactive policies and launches value-rich innovative services in health insurance.
Blockchain technology renders the internet of things secure as well as connected. Insurance companies can access data from vast webs of connected devices and objects, fueling diverse use cases including development of actuarial models and new products such as usage-based insurance.
Blockchain technology reduces asset management costs, decreasing the hedging fees insurers must pay to protect themselves from currency fluctuations in international transactions and boosting capital efficiencies through automation and increasing numbers of mobile wallets.
Transform the way physical assets are managed, tracked and insured digitally with blockchain technology.
Realize multiple use cases, leveraging blockchain to digitize business rules, and automate execution and monitoring of operational processes, and providing enhanced customer experiences to your real estate clients.
A blockchain application for insurance that can connect real-time information from multiple systems and activities triggered by events such as flight delays, emergencies and health or financial developments.
Give customers faster, more accurate claims processing, payments and reimbursements.
Secure and easy asset tracking delivers significant benefits for blockchain-powered insurance companies.
Offer your HNWI and institutional clients secure and easy tracking and proof of ownership and value on assets like artworks, jewelry or wine.
Blockchain application in reinsurance provides accurate reserve calculations based on current contracts.
This data informs insurers about financial details and ensures that they are rebalancing their exposures against specific risks.
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Contact UsThe insurance industry has traditionally been associated with routine and administration, with large amounts of paperwork and at times with a lack of trust.
Blockchain has the potential to transform the insurance business, delivering operational efficiency, security and transparency.
Blockchain provides insurance business with the opportunity to become more engaged and open with customers through a fair and compliant supply chain and IoT systems.
Get early-adopter advantages when you opt for blockchain solutions. Reduce administrative workload, enjoy consistent data tracking and guarantee your clients scalable operations and international partnerships.
Blockchain brings trust and transparency to the insurance world. Smart contracts and automated claims eliminate human input and verifiable, immutable records demonstrate accuracy.
Blockchain diminishes the role of mediators and lowers administrative costs, reducing or automating the administrative burden, decreasing human error and duplications, and simplifying transactions.
You’ll get access to the expertise both of our own blockchain products and of successfully implemented custom solutions
The OpenLedger team is pioneering the frontiers of blockchain tech and employing it to drive your company’s success.
All our tech solutions are built by the in-house cross-functional team. The strongest blockchain specialists on the market will be working on your project
OpenLedger’s outstanding R&D department deeply researches unique ways of improving your products and services, so we can implement them together.