Accenture helping build a distributed ledger framework to enable multiple insurance use cases this year. 

“Among the most promising blockchain consortia in the insurance industry is RiskBlock Alliance, a not-for-profit consortium of 27 insurers, brokerages, reinsurers and third-party industry participants collaborating to make the repetitive, manual process of insurance more efficient.”

The Institutes RiskBlock Alliance™, has announced it is moving past the minimal viable product stage on its blockchain-based subrogation tool and is developing a production-ready subrogation application for insurers.

Eighteen companies have joined the risk management and insurance industry’s first enterprise-level blockchain consortium. Members include insurers, agencies, brokerages, and reinsurers with national and worldwide presence. 

Insureds, insurers, and law enforcement are all one step closer to accessing a more streamlined and secure proof of auto insurance with the release of a blockchain-backed app built on a revolutionary new framework, RiskBlock™.

Digital Insurance has published an article on The Institutes RiskBlock™ Alliance, the RiskBlock app and how blockchain will revolutionize the industry.

The Philadelphia Inquirer has published an article about RiskBlock, The Institutes’ blockchain-backed consortium. The article provides insights into all that RiskBlock has to offer and how blockchain will revolutionize the insurance industry.