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Tags archive: Commercial & Product

Are taxes and commissions part of the contract?

  July 1, 2019

Yes. These are used as part of the solution for the premium allocation and transaction matching with settlement.

Will the ‘shape’ of the smart contract be the same for all insurers?

  July 1, 2019

The ‘shape’ is determined by the specific insurance contract – for example a Quota Share has a different ‘shape’ to an Excess of Loss contract.…

How can distributed ledger technology help solve the problem of fragmented databases of different parties?

  July 1, 2019

For insurance the distributed ledger solves two big problems. The first is the transfer of policy and claims data between interested parties. Currently these parties…

Are the Blocksure products white-labelled?

  July 1, 2019

These products will be predominantly white labelled, and the Blocksure logo will be visible as part of a “powered by Blocksure OS” statement

I have a number of schemes. Can Blockchain help improve the back office process?

  July 1, 2019

Due to the fact that schemes will have various parties involved and a number of links in the process, blockchain and distributed ledger technology (DLT)…

What type of records can be kept on a blockchain?

  July 1, 2019

A blockchain can be used to store any digital record, whether data, images or contracts. Uses range from records of transactions to recording images, or…

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