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Clyde & Co launches consultancy on smart contracts, blockchain and distributed ledger technologies

September 21, 2017 by Canadian Underwriter

Global law firm Clyde & Co has launched a consultancy to advise insurers and clients in other sectors on all aspects of the new area of smart contracts, blockchain and distributed ledger technologies. Clyde Code, as the consultancy will be

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AIG, IBM and Standard Chartered Bank pilot “first multinational insurance policy powered by blockchain”

June 15, 2017 by Canadian Underwriter

American International Group Inc. (AIG), IBM and Standard Chartered Bank plc announced on Thursday that they have successfully piloted what they are calling the “first multinational ‘smart contract’ based insurance policy using blockchain.” Working together, AIG, IBM and international banking

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Toyota Research Institute exploring blockchain for possible use in autonomous driving technology

May 23, 2017 by Canadian Underwriter

The Toyota Research Institute (TRI) announced on Monday that it is exploring blockchain and distributed ledger technology (BC/DL) for use in the development of a “new mobility ecosystem that could accelerate development of autonomous driving technology.” TRI is collaborating with

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Adoption of smart contracts to decrease risks and costs, increase efficiencies: Capgemini

October 11, 2016 by Angela Stelmakowich

Lower costs and higher efficiencies can be realized through adoption of smart contracts, with potential annual savings in the personal motor insurance industry alone amounting to US$21 billion globally thanks to automation and reduced processing overheads in claims handling, Capgemini