Who we are
The Blockchain Insurance Industry Initiative (B3i) was formed in late 2016 as a collaboration of insurers and reinsurers to explore the potential of using Distributed Ledger Technologies within the industry for the benefit of all stakeholders in the value chain.
The success of the B3i Initiative is manifested in the incorporation of B3i Services AG on 23rd March 2018 in Zurich. This new company will take forward the original aims and objectives of the B3i Initiative to realise the immense potential of blockchain to positively transform the industry and benefit customers.
The formation and incorporation of B3i Services AG represents a significant milestone for the members of B3i. As an independent legal entity with its own capital and Intellectual Property, B3i Services AG can streamline the development, testing and commercialisation of blockchain solutions.
Our vision and mission
The vision for B3i is to make insurance more relevant, accessible and affordable for consumers through the power of the ecosystem founded on Blockchain technology which will enable participants to create innovative solutions, products and services.
Our mission is to:
- Improve the way data, claims, capital, payments are disclosed, used, automated and managed
- Focus on value adding client service, risk prevention and risk management
- Make insurance risks more tradeable
- Make insurance more affordable with an improved client experience
B3i’s purpose is to provide an ecosystem which provides efficiency improvement and cost saving opportunities as well as enabling profitable growth through innovation and new business opportunities. It will also facilitate increased quality and trust through common standards, data, resilience and strengthened security.