How Blockchain is transforming the Insurance industry?

Blockchain helps reduce administrative costs through automated verification of claims/payments data from third parties. Blockchain in Insurance make insurance companies can quickly view past claims transactions registered on blockchain for easy reference.

This report presents a comprehensive overview, market shares and growth opportunities of Blockchain in Insurance market by product type, application, key companies and key regions.

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Top Key Players in Blockchain in Insurance  Market – Swisscom, Blockchain, IBM, Oracle, Adnovum, Accenture, BitFury, Vakaxa, Ardor

The number of blockchain applications in insurance is growing every day, and somehow every major player across the sector will be using them in the near future. This will create massive opportunities for the fintech sector, as well as for insurance companies that are willing to embrace the change.

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