Global Blockchain in Insurance Market 2018: Industry Size & Share, Latest Technology, Trends, Growth Factor, Analysis and Forecast
The “Global Blockchain in Insurance Market “, report published by Orbisresearch.com from its database, provides detailed information regarding the major factors influencing the growth of the market drivers, key manufacturers, opportunities and industry-specific challenges.
Dallas, United States – July 31, 2018 /MarketersMedia/ —
Global Blockchain in Insurance Market 2018:
Blockchain technology, often referred to as distributed ledger technology (or DLT), is a means by which the participants in a distributed network can each maintain a copy of an immutable ledger of transactions, and where transactions can be executed without the need for a single, central, coordinating authority.
We are not suggesting universal uptake of blockchain across insurance in 2018 or even 2019, but it is generating interest in relation to the distributed ledger technology. The ability to automate processes and complete transactions in a few seconds within a secure and transparent setting will resonate strongly. Blockchain promises exceptional value to underwriting, claims management, and peer-to-peer (P2P) insurance models, as well as the creation of new products and services, specifically through a combination of the Internet of Things (IoT) and smart contracts. Insurers this year will likely continue to explore the benefits case and seek to bring blockchain-based solutions to the market. The true impact will only be evident when operational infrastructures are sufficiently reconfigured through the value chain, to support smart contracts and other gains through the wider insurance value chain.
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Key Players:
• Accenture
• Cognizant
• Credit China FinTech
• Goldman Sachs
• IBM
• Microsoft
• Ping An
• Santander
• Axoni
• BitFury
• Digital Asset Holdings
• Filament
• LO3 Energy
• R3
• Ripple
• Slock.it
Scope:
• This report analyses the impact of blockchain in the insurance sector.
• It identifies the current leaders in blockchain technology and players looking vulnerable.
Reasons to buy Global Blockchain in Insurance Market:
• The report highlights some of the key players in the blockchain industry.
• It identifies the key trends in this technology theme.
• The report analyses the blockchain value chain by use case.
• It also provides an industry analysis explaining how the technology is moving beyond the incubation phase, but is still largely the domain of proof-of-concept projects and small-scale production deployments.
• The report also offers a technology briefing, highlighting how blockchain technology has developed over the last decade and how it works.
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Key Points from TOC:
PLAYERS
TRENDS
Blockchain industry trends
Blockchain use case trends
Blockchain trends in the insurance industry
VALUE CHAIN
Asset registries
Financial services platforms
Industrial platforms
INDUSTRY ANALYSIS
Permissioned DLT networks insert a degree of trust into the equation
Commercial blockchains are at least five years away
DLT faces several fundamental technical challenges
What are the primary use cases for blockchain technology?
Logistics
Healthcare
Land registries
Digital fiat currencies
Smart grid
Commodity trading
What does blockchain mean for insurers?
Mergers and acquisitions
Timeline
COMPANIES SECTION
Public tech and financial services companies
Private companies
TECHNOLOGY BRIEFING
How does blockchain work?
GLOSSARY
APPENDIX: OUR “THEMATIC” RESEARCH METHODOLOGY
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