Bermuda on Blockchain

June 7, 2018 | Bermuda

Xceedance and ChainThat co-hosted an insurance blockchain symposium in Bermuda on June 7, in partnership with Reinsurance.com. The honorable E. David Burt, JP, MP, premier of Bermuda, inaugurated the proceedings, and reinforced Bermuda’s strategic role in accelerating blockchain and insurtech innovation.

The well-attended event provided a platform for blockchain/insurtech experts and leading re/insurers to discuss how smart contracts and distributed ledger technology (DLT) can help the industry streamline point-of-service and back-office functions, boosting collaboration, driving organizational efficiencies, and improving expense ratios. WATCH VIDEO

The panelists emphasized the need for collaboration among carriers and experts to build and adopt homogenous platforms, which would enable high-efficiency, straight-through processing with data certainty. The Xceedance-ChainThat partnership highlights how insurtechs can collaborate to create synergies and take viable technology-driven insurance solutions to the market quickly and cost-effectively.

Reinsurance.com interviewed Arun Balakrishnan, CEO of Xceedance, David Edwards, CEO of ChainThat, and Vikas Acharya, COO of ChainThat, for its RETV video channel.

  • Arun Balakrishnan discusses the role of insurance blockchain in reducing inefficiencies and achieving data-centricity. WATCH VIDEO
  • David Edwards explores how blockchain will be mainstream within 5 years and challenge traditional business models. WATCH VIDEO
  • Vikas Acharya talks about the ChainThat blockchain platform, which delivers significant results across core insurance functions. WATCH VIDEO
  • To watch more videos, CLICK HERE.

The event was covered by The Royal Gazette. To read the post-event summary, CLICK HERE.

For related information, see our ‘Blockchain Perspectives’ Q&As: PART 1, PART 2.

ChainThat was also featured in Insurance CIO Outlook’s ‘Top 10 Blockchain Solution Providers’ list, and has been recognized for its innovative Insurance Blockchain Framework that powers robust enterprise collaboration solutions. READ MORE