BusinessInsurance.com reported the comments of Paul Meeusen, head of distributed ledger technology at Swiss Re Ltd. in Zurich that using Blockchain to manage Insurance “seemed very intuitive that this technology was very suitable to some of the key issues we deal with in our industry.” The December 12, 2017 article entitled “Insurance well suited to blockchain, speakers say” was on a New York City Bar Association panel discussion including these comments from Nick Williams (Clifford Chance LLP, Senior Partner):
I think insurance is the perfect industry for blockchain,
Accuracy in pricing will increase as (distributed ledger technology) platforms increase the transparency of risk.
The big question is WHEN?