Choosing Blockchain Use Cases in Insurance: Guiding the Hammer Toward the Real Nails

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
12 September 2016
Michael Fitzgerald

Abstract

Celent has released a report titled Choosing Blockchain Use Cases in Insurance: Guiding the Hammer Toward the Real Nails. The report was written by Mike Fitzgerald, senior analyst in Celent’s Insurance practice.

The report discusses the fact that, as with any promising, new technology, distributed ledger technology (DLT), also known as blockchain, is often discussed in terms of being a proverbial “hammer” for many solutions, which in turn look like nails. The fact is that many potential applications under review can be built on a number of different platforms.

This report provides insurers with a tool to evaluate DLT solutions and identify those that are most suitable and have the greatest potential for return. Celent, in collaboration with Pascal Bouvier of Santander Innoventures, analyzes four insurance-specific use cases against six evaluation criteria to demonstrate the various considerations to use when prioritizing early efforts.

“Insurers are encouraged to conduct tests that can increase their understanding of the implications of the technology for their firm,” says Fitzgerald. “But there are important considerations, specific to DLT use, in selecting a proof-of-concept effort. Ignoring these increases the risk of a failure.”

The report also forecasts expected developments in DLT in the short to medium term (one to three years). This 22-page report contains four figures and seven tables.

Subscription required

Access to this content requires a Celent research subscription.

Subscribers should sign in to access this research.

Insight details

Content Type
Reports
Focus
Blockchain, Industry Trends, Innovation & Emerging Technology, Technology trends
Location
Asia-Pacific, EMEA, LATAM, North America