FIND YOUR PERFECT APPLICATION

Blockchain solutions
for insurance from Aetsoft

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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.

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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.

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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.

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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.

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Insurance policy data storage

Provide insurance policyholders with instant access to cryptography-backed, immutable and shareable blockchain database of insurance policy documents.

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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.

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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.

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Life insurance applications

Build an app where households could get affordable insurance, with automated recurring payments and fund allocation for future claims.

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InsurNow

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.

InsurNow
Coverage Guard

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.

Coverage Guard
Juice

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.

Juice
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Aetsoft

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SEE HOW BLOCKCHAIN SOLVES CHALLENGES

Blockchain applications in insurance

Claim verification

Use case 1. Fast claim verification

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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.

Improve with Blockchain
Property insurance

Use case 2. Digital property insurance

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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.

Improve with Blockchain
Claim notifications

Use case 3. Instant claim notifications

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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!

Improve with Blockchain