Insurance is a procedure of making individuals financially protected against losses occuring in the event of some damaging accident. Most insurance policies for individuals are homeowners, health, auto and life insurance. There are also insurance policies for businesses and financial institutions against specific types of risks that are inherent in the industry. Insurance is an important institute for the modern world that helps people be more willing to take risks in business by giving them the assurance of protection from various events in daily life. Different technologies may be used to improve the current state of this procedure. Blockchain-based insurance may help validate contracts and blockchain insurance startups are working on smart-contracts for forcing the execution of it’s terms. The blockchain insurance industry is a rapidly-growing segment of the fintech industry and is gathering a lot of attention from investors.
Policyholders can pay in either Bitcoin or Ether through Bitcoin Suisse.
Major Swiss health insurance company now accepts crypto payments
They’re tackling a problem that affects billions of people.
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Tosei real estate and Tokyo Financial Holdings issued an asset-backed digital financial product, Coinage registered with Japanese authorities as an exchange and...
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South Korean insurance giant KB Insurance plans to implement a blockchain-enabled mobile message delivery system for its clients.
South Korean Insurance Giant to Use Blockchain Tech for Mobile Messages
SBI Holdings started a joint venture fund with Redstone Digital, BitFlyer exchange aired a commercial, and more headlined news from Japan this past week.
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Crypto.com has secured what it claims is the largest insurance coverage in the industry, following a surge in new users and volumes over recent months.
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Polish insurance company Link4 teams up with blockchain startup Coinfirm to use a DLT-powered tool for document management.
Major Polish Insurance Company Taps Blockchain for Its Paperwork