Moorhouse Group founder Lyndon Wood has joined forces with winner of the BBC's The Apprentice, Tim Campbell, to set up an insurtech firm called Blockrox, Insurance Age can reveal. The firm claims to help insurance providers use blockchain technology to add more security to their processes while reducing costs. The business is also led by Derin Cag founder of Richtopia and BlockchainAge. Wood said: "The insurance industry is very archaic and full of conflicts of interest. Far too many people are Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. To access these options, along with all other subscription benefits, please contact [email protected]. You are currently unable to print this content. Please contact [email protected] to find out more. You are currently unable to copy this content. Please contact [email protected] to find out more.
Insurer Moorhouse Group's founder Lyndon Wood has teamed up with BBC Apprentice winner Tim Campbell to create a blockchain-backed insurtech provider called Blockrox. The company is based in the UK and will be launching its first product later this year. Blockrox is also hoping to speed up transactions and aims to be a "major player" in insurtech, according to Wood. The firm is now looking to raise capital for a pilot.