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Thai Reinsurance PCL has launched a reinsurance smart contract production network called Insurer Network powered by blockchain technology developed by IBM Corp., Silicon Angle reported. The network uses distributed ledger blockchain technology to secure insurance information cryptographically between multiple parties for a tamperproof historical record of documents.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms