Xceedance was so impressed with the potential of ChainThat (www.chainthat.com), we made a multi-million dollar investment in the company in 2017 (VIEW PRESS RELEASE). That investment was validated when Insurance CIO Outlook named ChainThat one of its top ten blockchain providers for 2018 (VIEW ARTICLE).
The proprietary ChainThat Insurance Blockchain Framework (CT-IBF) (www.chainthat.com/framework), supports re/insurance contract management and streamlines operational processes across the insurance lifecycle — claims, accounting and settlement, billing and collections, and credit control. The framework integrates with the existing systems of insurance organizations and helps them gain up to 30% savings annually on operational costs.
ChainThat develops products for the commercial, specialty, and reinsurance markets (WATCH PRODUCT VIDEOS). The company also provides secure online transactional services in support of re/insurance operations. Our investment in, and our strategic alliance with, ChainThat enable us to collaborate more effectively on the integration of blockchain into a wide range of re/insurance organizations (VIEW ARTICLE).
For more on the potential of blockchain in the insurance industry, please visit our blogs: Blockchain Perspectives: Part1 and Blockchain Perspectives: Part2.
DOWNLOAD an informative whitepaper to learn more about the value of blockchain for re/insurers.