Jul 16, 2019 at 09:53
Italy Plans to Create Blockchain-based Smart Parametric Insurance Policies
Italy is considering starting smart parametric policies with automatic reimbursement based on blockchain, smart contract and distributed technology (DLT). The policies will cover the risks related to bad weather, delayed flights and lost luggage. Catholic University and Reply are developing a solution for the issuance of smart blockchain-based insurance policies.
Jun 17, 2019 at 09:44
Blockchain Novelties to Galvanize Italian Insurance Industry
The Research Center on Technologies, Innovation and Financial Services (CeTIF) - Catholic University and Reply, together with a group of giant financial banking institutions including Banca Mediolanum, Popolare di Sondrio and Ubi, as well as the popular Italian insurance companies such as Mediolanum Assicurazioni, Cargeas Assicurazioni, Nobis Filo Diretto and Reale Mutua, have finally decided to work together on a solution for the issuance of smart insurance policies based on blockchain and smart contract technologies.
Feb 25, 2019 at 10:21
Italy Uses Blockchain in Agrifood, Finance & Insurance
Blockchain in Italy has managed to maneuver into an entrenched corporate environment, in startups and several fields such as Agrifood, finance and insurance. These sectors getting involved signifies productive ground for this nascent technology, that can be used to trace products in the supply chain and record transactions, Agenda Digitale reports.
On.Live Extends Insurance Companies Business Through Live On-Line Presence
Insurance industry businesses underwrite insurance policies relating to property, casualty, liability and other general risks. In the UK alone there are over 500 individual companies covering full spectrum of insurances from legal to personal property. In recent years’ whole industry is in steady growth, with prediction of annual climb at a compound rate of 3.2% in years 2016-2021. The UK insurance industry is worth around 55bn pounds in revenues and 4.2bn in profit annually. Yet in its report UK Department for International Trade doesn’t foresee any substantial growth in employment throughout the industry.