AM BestTV: Blockchain Already a Presence in Captive Insurance Sector, Says Captive Panel
2019 APR 05 (NewsRx) -- By a
“When you look at captives, blockchains are a perfect alignment of retained exposures and a better need to analyze those irrespective of the type of captive,” said McElhiney. “On the claims side, I think for all captives, blockchain brings a host of new technologies to better contain that information and to port it along the cycle to insurance companies, reinsurers and beyond.”
Looking at the obstacles captives face when it comes to using blockchain,
“From our point of view, blockchain is a holistic approach. It is a technology, but you need a holistic approach to look on the value chain itself and how the captive is acting.”
For full video coverage of the CICA conference, including exclusive executive interviews, visit http://www.ambest.tv/cica19.
Recent episodes of AM BestTV include: ‘A Black Eye for the Industry’: Spirit Commercial Auto RRG Insolvency Talk of CICA: The placement of
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