B3i: Placement Completed On Blockchain

MAJOR RE/INSURERS AND BROKERS COMPLETE COMPLEX PLACEMENTS ON B3I’S BLOCKCHAIN PLATFORM

12th February 2020

B3i Services AG, a 2-year-old company entirely owned by members of the insurance industry, announced that 30 contracts of reinsurance have been concluded on its platform, including some of the world’s most complex Catastrophe Excess of Loss (XoL) reinsurance treaties.

A total of 9 insurers, 4 major brokerage firms, and 8 reinsurers participated in the placements, which were conducted as a parallel run with 1/1/20 renewals or as a re-creation.

B3i: Community Membership Brochure

Content

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.

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B3i: Product Launch

CAT XoL Application Launch Press Event

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.

B3i: Shareholder Announced – CPIC

NEW SHAREHOLDER PACIFIC INSURANCE

22nd August 2019

Through its ongoing funding rounds, B3i is delighted to welcome China Pacific Insurance Group (CPIC) as the latest investor in B3i and Li Hao as a member of the Board of B3i.

CPIC extends the breadth of the shareholder community to further strengthen B3i’s representation across the global insurance market.

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B3i: Blockchain Hackathon

SUCCESSFUL LIVE APPLICATION TEST

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.

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B3i: New CEO Appointed At Swiss Startup

John Carolin Appointed CEO of B3i

17th July 2019

John Carolin has been appointed Chief Executive Officer of B3i Services AG (“B3i”).

John previously served as interim CEO since March 2019 after joining B3i as Chief Financial Officer in March 2018.

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B3i: Prototype to Product

Content – Monte Carlo 2018

B3i were in Monte Carlo to announce several new developments to the market. Bea captured key interviews with attendees and B3i stakeholders.

From Prototype to Product. What’s happened in the last year at B3i? At B3i’s Monte Carlo event (September 2018), we heard from a variety of B3i partners, colleagues, and friends. We hear from people in attendance at the B3i Monte Carlo event as they discuss working with B3i and the great progress happening within the business itself.