A new virtual assistant powered by blockchain can complete insurance contracts without human assistance. Malta-based virtual assistant firm Vaiot has integrated IBM’s Watson Assistant with the Cosmos blockchain to sell car insurance. The new platform features an end-to-end sales process that does not require human assistance to complete the car insurance contracts. The mobile app […]
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Nearly 40% of new fintech firms to launch in Hong Kong over the past year are operating in the blockchain sector. Blockchain firms are increasingly dominating Hong Kong’s financial technology sector, with 39% of new firms launching in the country’s fintech industry last year operating with distributed ledger technology, or DLT. According to Hong Kong’s […]
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China’s Internet Finance Association’s latest survey applauds blockchain development across the country. A recent survey by China’s National Internet Finance Association of China (NIFA) has found that blockchain technology is gaining a solid footing. On April 14, Chinese local news platform Sina reported the results of the latest blockchain survey conducted by the National Internet […]
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With Anthem announcing their blockchain project, the technology’s mainstream acceptance continues to increase. On Dec. 12, the second-largest health insurance company in the United States announced plans to leverage blockchain technology to secure the medical data of all its 40 million members over the next three years. The most unique quality of a blockchain is […]
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Major cryptocurrency exchange OKEx has donated $4.5 million in Bitcoin to its perpetual swap market insurance fund in a show of support. Cryptocurrency exchange OKEx has donated $4.5 million in Bitcoin (BTC) to its perpetual swap market insurance fund as a show of support for the Warren Buffett Power Lunch. More cushioning for traders In […]
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An insurtech firm has entered a partnership with Aon and a branch of Oxfam to launch a blockchain-based platform for Sri Lankan farmers to cover crop losses. Decentralized insurtech firm Etherisc has launched a blockchain-based insurance platform for farmers in Sri Lanka The platform is the result of a partnership with the insurance company Aon […]
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A blockchain/AI platform for insurance claims by BlockClaim has received about $627,000 in seed funding. Insurance tech firm BlockClaim has recently received £500,000 ($627,000) in funding for its blockchain-based claims solution, according to an official blog post on June 17. The firm raised the funds from venture capital firm Amadeus Capital Partners and software firm […]
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InsurTech has a lot of room to innovate, from payout friction to risk analysis. The startup community has delivered a strong response to market gaps, and investors this week showed their interest in the B2B InsurTech market with three deals, including two rounds marking Eos Venture Partners’ first foray into the industry. Rounding out the […]
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