CSAA Insurance Group Joins The Institutes RiskStream Collaborative, Encourages Greater Industry Participation in 2021
The Institutes RiskStream Collaborative™, the risk management and insurance industry's largest enterprise-level blockchain consortium, announced that
"Blockchain and broader distributed ledger technology becomes exponentially more powerful as more organizations connect to it," said
The RiskStream Collaborative seeks to leverage blockchain to lower industry transaction costs while increasing the speed, accuracy and security of data transfers among member companies, industry stakeholders, and third parties. The RiskStream Collaborative offers insurance solutions for personal lines, commercial lines, reinsurance and life & annuities sectors. Members (carriers, producers, or reinsurers) lead all areas of RiskStream's governance and activity.
"We believe that blockchain can be a transformative technology when it comes to insurance industry use cases," said
The RiskStream Collaborative aims to bring its lead use cases, mostly in personal auto, to production in 2021. The value of these applications will grow as the network expands, so another goal for 2021 is for RiskStream to expand its network of members and connect insurance-oriented organizations.
About
About The Institutes RiskStream Collaborative™
The Institutes RiskStream Collaborative™ is the risk management and insurance industry's first enterprise-level blockchain consortium that brings together experts and developers to advance insurance-specific use cases via Canopy, a custom blockchain architecture. The RiskStream Collaborative is committed to equipping organizations to work together to inspire product innovation, enable efficiencies, and open new technological frontiers.
About The Institutes |
The Institutes, the leading provider of risk management and insurance knowledge education and solutions, offer professional designations, including the CPCU® program. In addition, The Institutes provide introductory, foundational, and leadership courses and programs; online and continuing education courses; custom solutions; events and conferences; online and print news platforms; assessment tools; and research reports.
CPCU is a registered trademark of The Institutes. All rights reserved.
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