The insurance industry is starting to take a hard look at Blockchain’s open-ledger, encrypted, data storage holds a great deal of potential for insurance technology. Every transaction is recorded. Blockchain could potentially eliminate the need for legacy data storage. In addition, claim histories would be easily accessible across third-parties. In Vermont, where many captive insurers are headquartered, blockchain technology is finding friends in the legislature. Government officials are beginning to appreciate blockchain’s potential within the captive insurance industry. Blockchain technology has not infiltrated the day-to-day processes of major industries yet, but secure, single-platform software has made significant progress.
Now is the time for your organization to make the digital leap toward integrated software solutions. If you wait another year you might find that your organization is technologically two steps behind your clients and your competition. Contact us for a free demonstration of what our SaaS technology can do for your company.