Insuranceciooutlook
IBM: Reimagining Insurance

Top 10 Blockchain Solution Companies -2019

Insurance industry is facing a lot of challenges as it relates to complex compliance issues, fraudulent claims activity, third party payment transactions, and managing huge amounts of data. Transformation of the insurance industry is dependent on data, and blockchain is enabling most data-related transactions for an insurer by ensuring validation from all the parties.

Blockchain has been offering solutions to a lot of problems faced by the insurers and the customers. It has enhanced efficiency, and also is playing a significant role in prevention of fraud as blockchain technology checks for authenticity of transactions, policies, and claims. Customers find insurance contracts to be too long and confusing and blockchain comes to the rescue here as well with its smart contracts. These smart contracts help in overseeing of claims transparently and responsively.

Adoption of blockchain by insurance industry offers enduring remunerations by helping with the efficient delivery of services and fulfillment of regulatory requirements. While these technologies provide help improve business flows, CIOs find it tedious to choose a right partner. To alleviate this burden, a distinguished panel consisting of CEOs, CIOs, CTOs, and the editorial team of Insurance CIO Outlook has evaluated hundreds of Blockchain solution providers and selected the most promising companies in this space.

We present you “Top 10 Blockchain Solution Providers -2019.”

    Top Blockchain Solution Companies

  • Combines open source software that connects massive networks of computers to orchestrate large tasks and the decentralized nodes of a global blockchain network

    bigdatablock.com

  • Provides an electronic logging device (ELD) which is an all-in-one logistics platform based on blockchain technology

    ezlogz.com

  • A global IT solutions company, specializing in Custom Enterprise, Cloud Computing, Blockchain, Web Applications, Mobile Applications, and Staffing

    fahmpartners.com

  • HealthVerity is revolutionizing how the modern healthcare enterprise makes critical and defining decisions

    healthverity.com

  • IBM

    IBM

    Simplifying and securing multi-party operations at the heart of the insurance industry

    ibm.com

  • Develops B2B capital markets-integrated distributed infrastructure to help regulated financial institutions reduce cost, address risks, increase control, and introduce new services around post-trade processing of securities

    rise-technologies.com

  • Block.one

    Block.one

    Processes millions of transactions per second with no transaction fees through blockchain

  • Nexus Mutual

    Nexus Mutual

    Replacing existing insurance models with smart contract-driven mutual markets

  • SURETY.AI

    SURETY.AI

    Using blockchain to offer microinsurance to unbanked populations

  • The Vanbex Group

    The Vanbex Group

    The firm specializes in consulting, communications, and development for block chain businesses