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Author Topic: Blockchain in insurance  (Read 50 times)

amara

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Blockchain in insurance
« on: March 07, 2019, 12:28:23 PM »
The major present issue in the medical sector is the insurance claiming that can take many weeks or even a long time to be paid. The procedure is still exceptionally manual and requires a substantial level of human activity.

This signifies plenty of regulatory costs, which result in higher premiums for clients. Insurance agencies can robotize this claiming process by keeping in touch with them into a blockchain solution.

For more understanding, check out this article on blockchain solution  -  real-life examples.

staceyrobertze

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Re: Blockchain in insurance
« Reply #1 on: March 13, 2019, 01:53:38 PM »
The major present issue in the medical sector is the insurance claiming that can take many weeks or even a long time to be paid. The procedure is still exceptionally manual and requires a substantial level of human activity.

This signifies plenty of regulatory costs, which result in higher premiums for clients. Insurance agencies can robotize this claiming process by keeping in touch with them into a blockchain solution.

For more understanding, check out this article on blockchain solution  -  real-life examples.
Yeah as said, there are a lot more things to consider while implementing blockchain in insurance. Blockchain can bring a lot of fruitful results and data privacy for different types of insurance sectors.  Check out this exclusive article which clearly classifies the benefits of implementing blockchain in insurance industry. Refer: Blockchain In Insurance