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Gen Re will take advantage of the blockchain



30 August, 2017 13:30

Photo : Freepik

Gen Re, one of the largest reinsurers in the world, has recently concluded a collaboration agreement with iXledger, a technology company based in London that has developed the first solutions insurance having recourse to the chain of blocks (blockchain). Together, the two companies will develop solutions in the field of health insurance.

Follower of the first hour of the solution of string blocks proposed by iXledger, Gen Re will benefit from its expertise in developing solutions in the financial software and the use of advanced technologies to create markets for new generation.

«The importance of data and of connectivity»

«We are absolutely delighted to have established this strategic collaboration with iXledger to create tailor-made solutions perfectly adapted to the needs of our customers,» says Ross Campbell, chief underwriter, research and development, Gen Re LifeHealth.

The CEO of iXledger, Ingemar Svensson, underlines the importance of data and connectivity to better serve their communities. Also, » in a regulated industry that is rich in information, the chain of blocks can provide confidence and transparency.»

To other geographical areas

The objective is to develop use cases persuasive technology iXledger for the clients of Gen Re working in the health insurance sector and life insurance and offer them a transformation process. Initially, this project will focus on the Uk, but could be extended to other geographical areas, including Europe, Asia and North America.

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