Xceedance Makes Multi-Million Dollar “Series A” Investment in ChainThat, an Insurance Blockchain Specialist
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Using a proprietary insurance blockchain framework (CT-IBF), ChainThat supports re/insurance contract management and transactional processes in key areas of the insurance lifecycle including claims, accounting and settlement, billing and collections, and credit control. The ChainThat framework includes integrated business intelligence and reporting for real-time management and operational information.
As a pioneering startup in blockchain and distributed ledger technologies, ChainThat develops products for the commercial, specialty, and reinsurance markets. The ChainThat team provides secure online transactional services specifically tailored for re/insurance operations. Its partnership with Xceedance enables the two companies to drive the adoption of blockchain in re/insurance by developing and applying decentralised technology, data/analytics, and industry-expert services to strengthen the business practices and policyholder services of a wide range of insurance organisations.
“This is a strategic alliance of two progressive companies that believe specialised services and new technologies can transform the re/insurance industry,” said
In addition to the investment by Xceedance, ChainThat will have access Xceedance global resources, including insurance-expert business and technology consultants, industry-knowledgeable IT professionals, business development and support services.
“We are thrilled with the strategic investment from Xceedance to help scale our company,” said
About Xceedance
Xceedance is a global provider of consulting and managed services, technology and data sciences to insurance organisations. With offices in the
About ChainThat
ChainThat was formed in 2015 by a group of
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View source version on businesswire.com: http://www.businesswire.com/news/home/20171113006140/en/
Rein4ce for Xceedance
Media Contact:
Email: [email protected]
Website: www.xceedance.com and www.chainthat.com
Source: Xceedance
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