Insurers Aon and Guy Carpenter are partnering with RiskStreamThe Institutes RiskStream Collaborative Collaborative to explore blockchain uses in the reinsurance placement process. The insurers have jointly tested a system on The Institutes RiskStream Collaborative’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.
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.