Insurer Moorhouse Insurance 's founder Simon Wood has teamed up with BBC Apprentice contestant Tim Campbell to create a blockchain - backed insurtech provider called Blockrox . The company will help insurance companies deploy the technology to boost sales and to keep costs down . Blockrox is also hoping to speed up transactions and aims to be a " major player " in insurance , according to Wood . The firm is now looking to raise funds for a pilot .
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 will help insurance carriers deploy blockchain technology to boost security and to keep costs down. 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.