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Blockchain Explained:
The Technology, Insurance Applications, and Practical Realities

Blockchain may sound technical, but its insurance applications are surprisingly practical. This webinar provides a plain-English introduction to blockchain and smart contracts, including how they differ from cryptocurrency and traditional databases. Discover how the technology is being explored or used for claims data exchange, insurance verification, surety bonds, life insurance, and parametric products. Consider benefits such as faster verification and fewer manual handoffs alongside real-world limitations involving data quality, privacy, integration, governance, and uneven industry adoption. 

Pricing
$49.00*		Webinar Duration
60 Minutes		CE Requirements
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Webinar Details

Blockchain Explained:  The Technology, Insurance Applications, and Practical Realities

Blockchain is about more than cryptocurrency, and insurance professionals may encounter it without even realizing it. This webinar explains blockchain and smart contracts in plain English, then shows where the technology is appearing across claims, insurance verification, surety, life insurance, and parametric products. Learn what blockchain can improve, where limitations remain, and what it means for insurance professionals.

Topics

  • Demystify blockchain and smart contracts with straightforward explanations designed for insurance professionals.
  • Discover applications involving claims data, proof of insurance, surety bonds, life insurance, and reinsurance.
  • Examine how parametric insurance can use predefined triggers and automated processes to accelerate payments.
  • Recognize limitations involving basis risk, data quality, privacy, governance, and legacy systems.
  • Consider how connected technology could change workflows while preserving the need for professional judgment and human interaction.

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