Benefits of Applying Blockchain to Claim Processing in Insurance

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Blockchain delivers new potential and more transparency to P&C insurance. Insurers have taken this to the next ground by connecting blockchain with smart contracts and the Internet of Things

Technologie

Benefits of Applying Blockchain to Claim
Processing in Insurance

Processing Claims in Insurance
Reduced TAT
Redundunt and secure data
No inconvenience to beneficiary
Reduction of fraudulent claims processing requests
Enhanced scalability
No single point of failure
Real time integration
Audit history available
Consensus based trust
Global and local reach

BlockChain is a new Way of Managing Trust

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Benefits of Applying Blockchain to Claim Processing in Insurance

1. Benefits of Applying Blockchain to Claim Processing in Insurance

2. Processing Claims in Insurance Reduced TAT Redundunt and secure data No inconvenience to beneficiary Reduction of fraudulent claims processing requests Enhanced scalability No single point of failure Real time integration Audit history available Consensus based trust Global and local reach

3. BlockChain is a new Way of Managing Trust

4. Smart Contracts

5. Thanks for Visiting