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IBM: Reimagining Insurance

Top 10 Blockchain Solution Providers -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 Solutions 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