Reinsurance News
The Institutes RiskBlock Alliance
Major reinsurance brokers collaborate on distributed ledger technology
15th May 2019
The Reinsurance Solutions arm of Aon, reinsurance broker Guy Carpenter and other industry partners, including RenaissanceRe and Everest Re, have worked with The Institutes RiskStream Collaborative on the use of distributed ledger technology (DLT). According to an announcement, the joint effort targets the delivery of greater efficiency to the placement of ... Read the full article
RiskBlock Alliance partners with EY on blockchain insurance services
22nd August 2018
The Institutes RiskBlock Alliance, a not-for-profit enterprise-level blockchain consortium for the risk management and re/insurance industry, has announced that Ernst & Young (EY) will serve as a primary service provider for blockchain-specific cybersecurity and risk management guidance. The services constitute part of the consortium’s efforts to implement and test multiple uses ... Read the full article
RiskBlock Alliance expands to 30 member companies
16th August 2018
The Institutes RiskBlock Alliance, a not-for-profit enterprise-level Blockchain consortium for the risk management and re/insurance industry, has added 12 new member companies - bringing the total number of participating firms to 30. Created in 2017, RiskBlock Alliance was designed to enable the development of blockchain-based tools and create new products - ... Read the full article
New blockchain solutions expected from RiskBlock & Accenture partnership
12th July 2018
Blockchain risk management consortium RiskBlock Alliance has confirmed that professional services company Accenture is to become the lead framework architect responsible for building its "production-grade platform" to develop and implement blockchain use cases. Essentially, the platform will enable the development of new blockchain-based tools and products for both policyholders and insurers. “Accenture ... Read the full article
RiskBlock Alliance moving to same distributed ledger platform as B3i
6th July 2018
The RiskBlock Alliance, a blockchain consortium for the risk management and re/insurance industry, has selected R3's Corda platform to build its first set of use cases, reports CoinDesk. The news follows a recent announcement from the Blockchain Insurance Industry Initiative (B3i) that it has switched away from Hyperledger Fabric’s blockchain to Corda, ... Read the full article
Marsh becomes first re/insurance broker to join the Enterprise Ethereum Alliance
15th March 2018
Re/insurance broker and risk management firm Marsh, LLC has announced that it has joined the Enterprise Ethereum Alliance (EEA). Now with over 400 member companies, the EEA is the world’s largest blockchain initiative, although Marsh represents the first re/insurance broker to join its ranks. The EEA’s objective is to establish industry standards ... Read the full article
18 companies join The Institutes RiskBlock Alliance blockchain consortium
21st February 2018
The Institutes RiskBlock Alliance has announced that 18 companies have joined the risk management and insurance industry’s first enterprise-level blockchain consortium. The RiskBlock Alliance seeks to leverage the blockchain to lower industry transaction costs while increasing the speed and security of data transfers among customers, industry stakeholders, and third parties. RiskBlock Alliance ... Read the full article
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