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 .
In a reinsurance industry first, blockchain solutions 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 evolve to provide trading of insurance-linked securities (ILS), securities and warranties. ChainThat is expected to launch a product trial of BIE in July 2019.