[2017-06-15] ET: AIG teams with IBM to use blockchain for 'smart' insurance

[polynesia]

AIG teams with IBM to use blockchain for 'smart' insurance policy

http://cio.economictimes.indiatimes.com/news/corporate-news/aig-teams-with-ibm-to-use-blockchain-for-smart-insurance-policy/59159272

Insurer American International Group Inc has partnered with International Business Machines Corp to develop a "smart" insurance policy that uses blockchain to manage complex international coverage, the companies said on Wednesday.

AIG and IBM completed a pilot of a so-called "smart contract" multi-national policy for Standard Chartered Bank PLC which the companies said is the first of its kind using blockchain's digital ledger technology.

The Standard Chartered policy uses blockchain to facilitate sharing of real-time information for a main policy written in the United Kingdom, where the bank is headquartered, and three local policies in the United States, Singapore and Kenya.

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[kabit9]

all these should be under the NEWS sub-group

[polynesia]

all these should be under the NEWS sub-group

Rules specific to the Indian Board - We post news articles in the main Indian board and then move it to the press sub-board in a couple of days. 

[BTCIndia]

Teambrella is another interesting project in insurance domain.