Launch Webinar

2nd September 2020

Can you imagine Reinsurance administration with no manual processing, data re-keying or inconsistencies?

What if Reinsurance events (such as signing and premium installments) could be generated directly from digital contracts? What if you could eliminate the need for complex and expensive reconciliation?

Join B3i’s Antonio Di Marzo (Head of Products), as we discuss the current challenges facing Reinsurance administration, why Blockchain is the solution and what a real solution looks like. The agenda below provides further details of what you can expect from this session.

Agenda:

• Welcome and introduction • The Reinsurance administration process is broken • What can Blockchain offer me?
• What does a real solution look like?
• Your questions (Q&A)

After a successful challenge in 2019, the R3 InsureTech
Challenge is back for 2020.
Over the coming months, startups will compete to
address articulated industry pain points using Corda.

Focusing on both the business and the technology, over
three rounds, entries will be narrowed down to a handful
of finalists who will present a full stack prototype to the
panel of judges.

In collaboration with key global stakeholders: industry
consortia, insurance companies and technology
vendors, we aim to highlight and accelerate promising
startups solving real and relevant industry pain points.
High quality winning startups will be provided with
support to help bring their product to market, in
collaboration with business sponsors.

Accelerate your knowledge and understanding of the power of Blockchain and be part of the leading insurance Blockchain ecosystem network.

B3i is developing an insurance ecosystem network to trade risks. You can participate in an early stage by becoming a member of our community. You will get exclusive access to information about our initiative and be invited to evaluate and provide feedback on the latest Blockchain-based insurance applications. Get access to discussions with leading industry experts through exclusive B3i conferences, our member network and webinars.

15th October 2019 – London UK

B3i today announced that it has released the latest version of its Property Catastrophe Excess of Loss Reinsurance application and its successful deployment to production environments ahead of year end renewals. The product runs within the B3i Business Network, part of the global Corda Network.

Customers are now readying themselves for the upcoming year-end contract renewals. The product enables them and their counterparties to easily and cost effectively negotiate terms, agree rates and complete contract placements. Historically this multiparty process has been facilitated by email with inherent risks and inefficiencies around version control, data integrity (transposition errors), document management and security.

11th August 2019 – London UK

On the 19th and 20th June 2019, B3i welcomed testing groups from across the B3i community to join in their testing hackathon in Zurich, Switzerland.

Attendees tested a live version of B3i’s Property Catastrophe Excess of Loss Reinsurance application. Brokers, insurers and reinsurers were asked to setup real scenarios to stress test the application, whilst providing feedback to B3i’s developers. The network ran 43 nodes – 40 customer nodes (7 cedents, 12 brokers and 21 reinsurers) and 3 B3i (operator, mapping and notary nodes) to simulate life- like scenarios.