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The Blockchain Insurance Initiative plans to add several new members in the upcoming weeks, reports Reuters citing a statement from Paul Meeusen, who spearheads the B3i program at Swiss Re Ltd.
The B3i consortium is formed by reinsurers Munich Reinsurance Co. and Swiss Re and insurers like Aegon N.V. among others.
Mr. Paul has also said that the B3i consortium will start testing its database in eight weeks and reveal the results in mid-June, while the group is also likely to establish a separate operating entity in 2018, if the prototype performs as expected.