Tuesday, February 19, 2019
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Insurance Giant Aetna Partners With IBM on Blockchain Network for Healthcare Industry

United States-based health insurance giant Aetna has partnered with IBM to create a blockchain network tailored to the healthcare industry, Reuters reported Jan. 24.Estimated to serve over 39 million clients globally, Aetna has reportedly issued a joint statement with IBM clarifying that the blockchain system will be designed to streamline

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Vermont State Agencies Launch Blockchain Pilot Program for Captive Insurance Industry

Two agencies in the state government of Vermont in the United States have jointly launched a blockchain pilot program for captive insurance, according to an official announcement published on Jan. 11.The Secretary of State Jim Condos and Department of Financial Regulation Commissioner Michael Pieciak have signed an agreement to join

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PwC Warns Lack of Insurance Access Is Hindering Crypto Businesses

Cryptocurrency businesses find it “almost impossible” to get insurance and this is deterring investors, Big Four auditor PricewaterhouseCoopers (PwC) told Reuters Dec. 20.In comments focusing on the global fintech market, Henri Arslanian — the firm’s fintech and crypto leader for Asia — highlighted the contradictory status quo industry businesses face

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State Farm Tests Blockchain Solution to Speed Up Auto Insurance Claims

U.S.-based insurance company State Farm is testing a blockchain-based solution to speed up the subrogation process for auto claims, according to an announcement published Dec. 10.State Farm is a large group of insurance and financial services firms that provides auto insurance in the U.S. The organization was ranked 38th on

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National Transport Insurance Partners on Blockchain for Food Safety Trial

Australia’s National Transport Insurance (NTI) has announced it will trial a blockchain system to improve supply chain integrity for beef exports abroad. The trial was reported by local transport industry magazine Fully Loaded ATN on Dec. 10.NTI will reportedly be partnering with BeefLedger, an Australian “integrated provenance, blockchain security and

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