AIA, Allianz and Manulife Discuss Blockchain Applications for Insurance

AIA and Allianz have now confirmed that they will be joining Manulife to discuss insurance applications for blockchain technology at the Blockchain for Finance Conference in Singapore on June 20th-21st 2017. With a insurers looking to modernize their organizations through the adoption of digital solutions, this discussion will investigate where blockchain technology could be utilized within the insurance sector.

One topic of discussion will be on areas where blockchain could play a vital role in optimizing current processes in insurance and how a decentralized approach could help improve security and trust. another area to be considered will be some of the recent use cases and proofs of concept that are being developed for insurance to comprehend the opportunities that lie ahead for the sector.

As well as insurers, banks and exchanges including MUFG, Mizuho, China Construction Bank, Monetary Authority of Singapore, JPX, Deutsche Bank, Nordea Bank, Deutsche Bank, OCBC & UBS will look at how distributed ledger technology fits with the overall strategy of financial institutions.