Blockchain: Coming to an Insurance Regulator Near You
What do you get when you have a meeting with insurers, state regulators, a national industry association, a filing bureau, and a software provider? The answer is … a design session on using blockchain for regulatory reporting.
Can all of these parties agree? The design workshop at @AAIS on their OpenIDL demonstrated use of blockchain technology for more timely and reliable data call reporting. As blockchain advances, having regulators on board will be necessary. Building a solution which solves one of their big headaches is a great advance toward this goal.