B3i Services AG

Case Studies

How to introduce Blockchain into traditional Financial Services

About

Supported by over 21 of the largest Insurance and Reinsurance companies in the world, from across 5 continents, B3i is the largest provider of DLT solutions for the Insurance and Reinsurance market.

Trusted by

These are just some of the businesses we worked directly with on this project, across many levels in their businesses. 

Challenge

Main Takeaways

  1. Engagement with a B2B Audience: Effectively reaching and communicating with business clients in the blockchain space.
  2. Complex Technology Communication: Simplifying and clearly conveying complex blockchain solutions to non-expert audiences.
  3. Building Trust: Establishing credibility and trust in new blockchain technologies among potential customers and stakeholders.

These challenges required tailored marketing strategies to ensure effective communication and engagement with their target audience.

In the evolving landscape of blockchain technology, companies like B3i face specific challenges that can significantly impact their market penetration and customer engagement. Firstly, engaging a B2B audience effectively in the blockchain sector requires not only identifying and understanding the distinct needs and behaviors of business clients but also tailoring communications to resonate within various industries. The complexity of blockchain technology itself presents a considerable communication hurdle. For B3i, translating these intricate technical concepts into simpler, more digestible content is crucial to broadening their appeal and enhancing comprehension among potential clients.

Another major challenge is building trust. Blockchain technology, being relatively new and often surrounded by skepticism, demands a robust strategy to build credibility. For B3i, this involves not only showcasing the technical prowess of their solutions but also ensuring that the benefits and reliability of blockchain are clearly communicated and demonstrated through real-world applications and testimonials.

From a strategic standpoint, overcoming these challenges necessitates a multifaceted approach. Utilising targeted marketing strategies such as detailed product explainers, customer testimonials, and tailored webinars can help demystify the technology for a business audience. These methods not only educate potential clients about blockchain’s practical applications but also serve to gradually build trust through repeated exposure and validation from industry leaders.

Ultimately, the success of B3i in navigating these challenges hinges on their ability to not just communicate effectively but to foster a deeper understanding and trust in blockchain technology. By focusing on clear, accessible information and leveraging social proof, B3i can enhance its market position and drive adoption of its innovative solutions across diverse business sectors.

Solution

Main Takeaways

  1. Simplified Communication: Educational content like explainer videos and infographics were used to demystify blockchain technology, making it accessible and understandable, thus eliminating barriers posed by technical complexity.

  2. Enhanced Credibility: Through case studies and endorsements from key industry players, B3i established trust and demonstrated the real-world effectiveness of their blockchain solutions.

  3. Continuous Engagement: Regularly updated digital content and interactive webinars fostered ongoing dialogue with potential clients, positioning B3i as a thought leader in the blockchain space and keeping their audience engaged.

To effectively address B3i ‘s marketing challenges in the blockchain sector, a dynamic content strategy focused on clarity and user engagement was implemented. Initially, concise, visually engaging educational content such as explainer videos and infographics were produced. These simplified blockchain’s complex principles and spotlighted the direct benefits of B3i’s offerings, ensuring that technical jargon did not hinder understanding.

Next, credibility was strengthened through showcasing case studies and endorsements from influential industry figures and satisfied customers. These narratives emphasised the tangible impacts of B3i’s solutions, providing solid evidence of their efficacy and building trust within the business community.

Interactive webinars and live discussions also played a crucial role, serving as platforms for deep dives into specific applications of B3i’s blockchain solutions for diverse industries. These sessions facilitated direct dialogue with potential clients, allowing for immediate query resolution and fostering a community around B3i’s innovations.

Ongoing engagement was maintained through a strong digital presence, with regular updates and thought leadership articles that discussed the latest in blockchain developments and B3i’s advancements. This continuous dialogue not only positioned B3i as a thought leader but also kept potential clients engaged with the brand’s evolution in blockchain technology.

Examples of Work

Here are just a few examples of our work, classified by the three main takeaways from the last section. 

Simplified Communication

Educational content like explainer videos and infographics were used to demystify blockchain technology, making it accessible and understandable, thus eliminating barriers posed by technical complexity.

Enhanced Credibility

Through case studies and endorsements from key industry players, B3i established trust and demonstrated the real-world effectiveness of their blockchain solutions.

Play Video about Gerhard-Lohmann-B3i

Continuous Engagement

Regularly updated digital content and interactive webinars fostered ongoing dialogue with potential clients, positioning B3i as a thought leader in the blockchain space and keeping their audience engaged.

How can we help you?

We offer full-service digital marketing service, creative, and planning. We’re grounded by a strong understanding of what works and informed by real data.

We help you get your use cases, products and insights in front of the people who matter, showcase your expertise and facilitate conversations between your audience and you.

TL;DR – Turning complex stories and data into insightful messaging.

Smoothie Lab

Challenge

Engage a new and evolving segment of the market with timely information.

Provide materials across several key regions and have the content reflect that by language.

The content needs to stand out in a rapidly developing space with its own unique style and quality of insights.

Response

We identified information and news items relevant to this audience. The content was repackaged into a friendly cross-platform format and included outputs in multiple languages (e.g.: English, Spanish, German etc).

Webinar: B3i Re Launch Event

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Launch Webinar

14th September 2020

John Carolin will be discussing the vision, latest developments at B3i and where the business is headed.

We’ll hand across to Antonio Di Marzio, who will give an introduction to B3i Re.

What’s new and what this means for the industry. With a Q&A at the end of the session.

Broker Event

14th September 2020

Product Deep Dive

15th September 2020

Techncial Deep Dive

15th September 2020

Webinar: Reinsurance Administration is Broken

Play Video

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)

Webinar: Build a Distributed Fraud Detection Solution with B3i – R3 Insurtech Corda Challenge

About

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.

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.

B3i-Member-Community-Bea-Media
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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.

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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.

CPIC-Invests-in-B3i-as-New-Shareholder

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.

Play Video about B3i-Hackathon-Bea-Media
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