Live Blockchain Product Announced
COMMUNICATIONS
PRESS RELEASE
Cat XoL Product deployed to Customers’ Production environments
15th October 2019
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.
CLIENT
Better insurance enabled by frictionless risk transfer
B3i is creating a better insurance industry by developing standards, protocols and network infrastructure to remove friction in risk transfer.