Insurance broker Marsh works with IBM on Blockchain platform

Marsh, a global leader in insurance broking and risk management solutions, in collaboration with IBM, ACORD, and ISN, announced today the first commercial blockchain solution for proof of insurance.

“The insurance industry has been dependent on paper certificates of insurance, manually populated by an insurance agent”

By using blockchain technology, Marsh is fundamentally transforming the certificate of insurance process from complicated and manual to streamlined and transparent, allowing clients to speed up necessary business functions such as hiring contractors and transferring risk while increasing coverage certainty.


Source: Businesswire.com

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