Blockchain
development
for insurance
Building on extensive experience delivering custom blockchain insurance solutions, Aetsoft can help you reduce costs and errors, automate payouts, establish legal certainty, and protect your and your clients’ data while keeping it instantly accessible for authorized parties.
Revolutionize your insurance business with a blockchain-powered insurance platform utilizing the possibilities of machine learning to deliver you real-time insights. Or, go with an automation solution to lift off the burden of repetitive tasks and exclude human errors. Blockchain is here at your disposal to help you reimagine mundane insurance procedures!
Detect fraud and KYC incompliance, cut liquidity risks, digitize services and automate processes with blockchain insurance solutions from Aetsoft.
Blockchain solutions
for insurance from Aetsoft
Insurance management platforms
Harness the power of blockchain and machine learning to deliver a platform for data-driven management of risk portfolios, claims, and insurance premiums, and real-time underwriting, based on unalterable historical and behavioral data.
Reinsurance automation solutions
Let insurers take full control of reinsurance operations with a DLT-based solution that automates reinsurance administration through smart contracts and makes it transparent through real-time data distribution among all involved parties.
Global operational solutions
Streamline processes in your global insurance domain (such as marine insurance) by empowering it with a blockchain solution enabling seamless transfer of facultative risks between stakeholders through decentralized infrastructure.
Claim settlement & management tools
Make claims management an autonomous process with smart contracts; self-triggered protocols free your staff from repetitive tasks, improve accuracy, and cut claim handling time.
Insurance policy data storage
Provide insurance policyholders with instant access to cryptography-backed, immutable and shareable blockchain database of insurance policy documents.
P2P insurance policy marketplaces
Launch a blockchain-based marketplace for insurance policies where users could buy and sell insurance policies in the form of tokens.
Insurance digital wallets
Integrate a digital wallet into the client’s existing insurance system or build a standalone solution for storing insurance information and instant insurance coverage applications and payments.
Life insurance applications
Build an app where households could get affordable insurance, with automated recurring payments and fund allocation for future claims.
InsurNow: a blockchain platform for smart insurance management
At the client’s request, we delivered a blockchain-based automation solution for quick and easy insurance management. The solution uses smart contracts to automate insurance administration and claim handling, and machine learning algorithms to provide data-based recommendations and forecasts for smart portfolio management and underwriting procedures.
Coverage Guard: a digital wallet solution for B2C insurance
Coverage Guard is a mobile wallet application that can store insurance information (policies, claims, application and payment details, and more) on the related user account, protected with cryptography keys, or (if the user allows it) on a permissioned distributed network. It also allows making smart contract agreements with insurance companies and automatically charge and allocate payments.
Juice: a blockсhain-based app for life insurance
One of the top life insurance providers in the North American region contacted us with the request to develop a DLT-based application for life insurance. Within 8 months, we developed a mobile solution that uses machine learning algorithms to calculate insurance plans and premiums based on the customer’s payment behavior and balance, and automates recurring payments via smart contracts.
Aetsoft
Discuss a project
Tell us about your blockchain insurance project, and we will get back to you with a free consultation.
Get expert adviceBlockchain applications in insurance
Use case 1. Fast claim verification
Currently
Data distribution across databases hardens due diligence of insurance claims, making their collection a more lengthy process than it could be — with the right tools at hand.
With blockchain
Provide a single database for insurance-related assets — bills, payment and tax receipts, and others — to instantly access them all at once whenever required.
Use case 2. Digital property insurance
Currently
To get insurance, you need to go through a tiresome procedure with piles of papers to fill in and then waiting for their approval and verification.
With blockchain
In travel insurance, contingencies, like trip cancellation, baggage loss, or flight accidents, involve different types of notifications, yet all of them are susceptible to downtime and delays.
Use case 3. Instant claim notifications
Currently
In travel insurance, contingencies, like trip cancellation, baggage loss, or flight accidents, involve different types of notifications, yet all of them are susceptible to downtime and delays.
With blockchain
Blockchain is a universal tool that enables real-time alerts on any force majeure; get updated in an instant!
