IT specialist Mphasis launches blockchain offering for insurers
Mphasis, an IT solutions provider specializing in cloud and cognitive services, has launched a series of blockchain-enabled solutions for insurance and financial services markets.
Wealthchain and Chainsure can be used, the company said, to enhance security, efficiency and governance through which these firms and their partners jointly create and deliver value and experiences to their customers.
Mphasis has partnered with Loyakk, a provider of blockchain-based business relationship platform, to build and deliver the solutions.
The insurance solution, Chainsure, has been designed to help insurers combine blockchain technology with enterprise capabilities to impact multiple areas of an insurance business. It includes client onboarding, underwriting, policy administration, claims administration, claims fraud management, product innovation, regulatory audit and more.
"Financial services and insurance industries deal with enormous quantities of sensitive data. Adopting blockchain solutions that will address privacy concerns, improve security measures and deliver valuable experiences to customers is vital," said Dinesh Venugopal, president, Mphasis Direct and Digital.
"Blockchain is a critical technology that all enterprises should strategically leverage; Mphasis continues to bring innovative solutions to customers from both within the organization as well as from the partner and start-up ecosystem."
Join us at Intelligent Automation in Insurance - London 2018. Book by Jan 31st and you could save £400.
More of today's news
US tax cuts hit insurers in Q4 but offer long-term gains
AXIS receives Lloyd's approval to manage Novae and SPS syndicates
RGA's innovation unit acquires LOGiQ3 Group
Fidelis promotes to appoint CUO of Fidelis Underwriting
XL Catlin boosts EMEA M&A unit with two hires
Ethos hires head of property from Liberty International
Willis Re attempts to add ‘silent cyber’ to risk model
Coverys Managing Agency poaches Argo Global CRO
CNA hires Chubb exec to lead financial institutions practice
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze