B3i expands with new members joining its prototype Market Testing phase

News Category Icon

Press Release,

Monday 2nd October 2017 – The Blockchain Insurance Industry Initiative B3i announces the expansion of the group, with 23 new entrants joining its Market Testing program. This follows the successful launch of a working market testing prototype at the Monte Carlo RVS conference on 10th September, 2017.

Read more

News Category Icon

Shipping containers and B3i: what's the connection?

News Category Icon

Blog,

An overview of B3i by Paul Meeusen, Head Distributed Ledger Technology , Swiss Re; presented at the B3i launch event at Monte Carlo on 10th September 2017

 In 1956 Malcolm McLean had a great idea. He ran a trucking company in the US and noticed that there were many inefficiencies in trade and transportation. Goods would be loaded on and off trucks, trains and ships multiple times on the journey to their final destination. Repackaging and reloading was required at every step of the journey. From this insight, the modern shipping container was born, reducing loading costs from 6 dollars to 16 cents per ton, a 36 fold saving that resulted in a huge increase in global trade.

Read more

News Category Icon

B3i Monte Carlo event summary

News Category Icon

Publications,

On Sunday 10th September, B3i showcased a fully functional beta-version of its integrated blockchain solution for the re/insurance industry at the Monte Carlo RVS event. The launch of the prototype named Codex1, was very well attended and was warmly received by the market and press.

Summarised details of the event are shown below.

Read more

News Category Icon

Intelligent Insurer: B3i Blockchain 30% efficiency gains

News Category Icon

Article,

There is a real opportunity to improve reinsurance processes with the use of blockchain technology, which can deliver cost savings and efficiency gains of 30 percent by taking out unnecessary reconciliation, repetitive duplication of work and waiting times.

Read more at: http://www.intelligentinsurer.com/news/b3i-blockchain-30-efficiency-gains-13076

Read more

News Category Icon