EU’s Biggest Insurer Allianz Successfully Tests Smart ContractsThe news was announced following a partnership with Bermuda-based investment management firm Nephila Capital, which specializes in reinsurance risk and so-called catastrophe (CAT) bonds.
Together, the two parties are aiming to streamline and cut costs when it comes to executing CAT bonds following unforeseen disasters. Specifically, smart contracts could allow settlements between insurers and investors to be executed faster and automatically without middle men.
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https://news.bitcoin.com/allianz-tests-smart-contracts/
