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Somerco Blockathon  •  
February 23-24, 2019

# insurance News

A new report from Reuters published December 19, 2018, determined that the inability for Asian cryptocurrency exchanges and traders to insure themselves against cybercrimes like theft and hacking is also presenting fund managers with deep pockets to invest into the market. Insurance Is a Necessary Prerequisite Against Cybercrimes Since investors...
State Farm, a large group of United States-based insurance and financial services firms offering automobile insurance products, loans and more, has announced on December 10, 2018, that it’s testing a distributed ledger technology (DLT) based solution that could help speed up the subrogation process for auto claims. Blockchain for Faster...
September 3, 2018 by at Altcoins, Blockchain, Business, News, Regulation, Tech
The People’s Insurance Company of China (PICC), regarded as one of the largest insurers in the world, with over $126 billion in assets has recently partnered with DNV GL and VeChain to bring blockchain technology to the insurance industry. According to the announcement on September 1, 2018, PICC believes that...
August 30, 2018 by at Bitcoin, Business, Exchange, News
Kingdom Trust, a company that stores digital currency for investors, has secured insurance for digital assets held on its qualified custody platform through Lloyd’s of London, one of the world’s most respected insurers. Lloyd's of London Enters Crypto Insurance Market Kingdom Trust, the first regulated financial institution to offer qualified...
According to research from S&P Global Market Intelligence released on August 23, 2018, European insurance firms trump their U.S. counterparts when it comes to the business attitude towards blockchain technology. The market research agency highlighted in its report that while major financial institutions have been reluctant to imbibe cryptocurrencies in...
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