Insurance companies increase their efficiency and security with Blockchain
Insurance sector deals with inefficiency stemming from billions of forms, human error and poor communication between parties. Blockchain can be utilized to overcome the loss from this inefficiency by seamlessly and securely sharing data among decentralized institutions.
Cognizant with leading insurance consortiums including Max Life, ICICI Prudential Life, Bharti AXA has developed a blockchain solution that facilitates cross company data sharing securely. Insurance companies eager to implement blockchain are scouting for service providers who can provide end-to-end blockchain solution.
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