In a reinsurance industry first , blockchain technology company ChainThat has created the Bermuda Insurance Exchange ( BIE ) , a distributed ledger technology - driven risk and capital exchange . Edwards added: “We are delighted to be unveiling this exchange that will cut frictional costs and allow brokers, reinsurance and insurance companies access to the capital markets using blockchain.” BIE will allow brokers and reinsurance companies to access capital markets via blockchain . The exchange will first function as a traditional reinsurance market , and ultimately , to provide trading of insurance - linked securities ( ILS ) , options and warranties . ChainThat is expected to launch a public trial of it in July 2019 .
In a reinsurance industry first , blockchain technology company ChainThat has created the Bermuda Insurance Exchange ( BIE ) , a distributed ledger technology - driven risk and capital exchange . BIE will allow brokers and reinsurance companies to access capital markets via blockchain . The exchange will first function as a traditional reinsurance market , and ultimately , to provide trading of insurance - linked securities ( ILS ) , options and warranties . ChainThat is expected to launch a public trial of it in July 2019 .