Examining The Benefits of The Institutes RiskStream Collaborative’s Proof of Insurance and First Notice of Loss Applications

Patrick Schmid, PhD
Feb 5 · 44 min read


Chapter 1. Introduction


Chapter 2. Blockchain and Distributed Ledger Technology (DLT)


Chapter 3. The Institutes RiskStream Collaborative and the Canopy Framework


Chapter 4. Use Cases for Blockchain and DLT in Insurance


Chapter 5. Overview and Benefits of Application 1: Proof of Insurance (Personal Lines Auto) Verification

Amy is policy owner A with Insure Co.

Jack is policy owner B with Acme Insurance

Joe is a police officer in Amy’s town






Chapter 6. Overview and Benefits of Application 2: First Notice of Loss (Personal Lines Auto) Data Sharing

Amy is a policy owner A with Insurer A

Diane is a policy owner B with Insurer B

Lauren is a claims adjuster for Insurer A

George is a claims adjuster for Insurer B

Jack is Diane’s broker for Insurer B


Chapter 7. Total Benefits for Both Proof of Insurance and First Notice of Loss (Personal Lines — Auto) Applications in US

Chapter 8. Potential Improvement in Customer Satisfaction from Application 1 & 2

Chapter 9. Total Benefits for Proof of Insurance and First Notice of Loss Including Customer Satisfaction


Chapter 10. Conclusions


Citations/Footnotes

Patrick Schmid, PhD

Written by

Economist and VP for The Institutes RiskStream Collaborative — a blockchain insurance consortium. Oversees all departments: products, operations & technology .

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade