Blockchain: A $200 Billion Opportunity In Insurance?

  Tuesday, June 26th, 2018 Source: Digital Insurance

There are a number potential operational and economic benefits that blockchain technology could provide to the insurance industry, according to a new report from Boston Consulting Group. Globally, the P&C industry had more than $2 trillion in grow written premiums in 2016, according to the First All-Blockchain Insurer report. Blockchains could help the worldwide property and casualty insurance industry reduce its combined operating ratio by 5 to 13 percentage points, while generating more than $200 billion more in technical margin from the current level of growth in written premiums.

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