B3i is working closely with TCS and an Open Source catastrophe modelling platform to enable banks and financial institutions to comply with new (2021) climate related regulations.
Together we have identified two initial use cases which will benefit Insurers and Banks.
B3i’s solution enables privacy controlled, confidential computing of physical risk measures which need to be reported to regulators.
Insurers keep the exposure data on their node, and banks keep portfolio and model data on their node
As a result of Use Case #1, insurers can provide proof of insurance to banks as a charged service.
Advantage: Online, near real-time and periodic reporting.
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