cap Aon and ins Carpenter are partnering with The reins RiskStream Collaborative to explore blockchain uses in the reinsurance pricing process . The insurers have jointly tested a system on RiskStream ’s collaborative platform to distribute submissions and receive quotes through proprietary ledger technology , with input from other industry partners . In its next phase of testing , the project will work with carriers , brokers and suppliers to continue development , with plans to digitise the process in subsequent tests .
Insurers Aon and Guy Carpenter are partnering with The Institutes RiskStream Collaborative to explore blockchain uses in the reinsurance placement process. The insurers have jointly tested a system on RiskStream’s collaborative platform to distribute submissions and receive quotes through distributed ledger technology, with input from other industry partners. In its next phase of testing, the project will work with carriers, brokers and reinsurers to continue development, with plans to digitise the process in subsequent tests.