Insurance industry group blockchain alliance.Claims and data changes all done at once
【Published by: cardu, Liberty Times Net, China Times | Editor: Zhang Jia-Xiao | Translator: Statecraft 】
1 apply and 11 others accepted simultaneously
There are 11 insurance companies in “Insurance/Claims Alliance Chain”, including Shin Kong Life Insurance, Cathay Life Insurance, Taiwan Life Insurance, Nan Shan Life Insurance, Fubon Life Insurance, Yuanta Life Insurance, China Life Insurance, TransGlobe Life Insurance, First Life Insurance, Cathay Century Insurance, Fubon Insurance. As long as the people handle data changes on the network of one of the insurance companies, the insurance policies of the other 10 companies will also be updated simultaneously, and the claims service is also applicable.
The trial scope of this service includes: when the Policyholder handles policy maintenance services such as policy change address, phone and email, and the beneficiary handles medical claims for health insurance and injury insurance, but group insurance and travel insurance are excluded. The number of people is subject to the membership of e-commerce.
FSC explained that in the past, when people applied for insurance claims or information changes, If people insure many different companies, they must submit applications one by one, which is time-consuming and cumbersome. In the future, they only need to submit applications to any one of them, and the remaining alliance chains Can be handled together.
FSC believes that the piloting of the insurance blockchain will help to serve insurance customers in a faster and more convenient way, and this business belongs to the business scope of “notes for the insurance industry in handling e-commerce”, so only piloting, no need to enter the supervision sandbox. After successful trials in the future, insurers can use this platform to save a lot of time for policy changes and claims applications and let all insurance companies join this platform.
In addition, the Financial Ombudsman Institution released statistics that from 2012 to the end of the fourth quarter of (2019), 37,905 appeals and 16,528 evaluations have been appraised, of which 32,520 are insurance claims, accounting for approximately 86% of the total appeals, and 13,990 applications for the insurance industry were evaluated, accounting for 85% of the total appraisal proposals, indicating that insurance disputes are still the main types of financial disputes.
■ Source: cardu
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