Possibility to detect whether the same items repeatedly go missing or a customer has several insurance policies for the same risk
Diminishes crime, which costs insurance companies millions each year.
"As a primary and reinsurance broker, multi-discipline consultant, risk adviser and specialist technology provider, Willis Towers Watson is immersed in the insurance industry.
IT services giant Cognizant, along with a consortium of Indian life insurers have developed a blockchain based solution to facilitate secure data sharing among companies.