62. Blockchain: Being too early is worse than being wrong!
Sarah Kocianski and Nigel Walsh are joined by Aman Kohli and 11:FS' Simon Taylor to explore blockchain in the world of insurance. All this and much much more on today's Insurtech Insider!
On this week's episode of Insurtech Insider, Sarah Kocianski and Nigel Walsh are in the virtual hosting seat and joined by two special guests to explore how blockchain is changing the world of insurance. Joining Sarah and Nigel this week are:
- Simon Taylor - 11:FS Head of Ventures
- Aman Kohli - CTO of Banking & Capital Markets UKI at DXC
Kicking things off, we start by establishing what blockchain is. Between Bitcoin, blockchain, crypto and DLT, there are a lot of different terms thrown around, however, our guest and hosts establish that what is more important than definitions is knowing how and where this technology can be used. We hear a lot about blockchain in the insurance industry but where is it supposed to be implemented and what can it do to help? It turns out that with the intermingling of different parties and people, insurance might be the ideal use case for blockchain.
Blockchain is already an established technology in banking, asset management and wealth management, so why does adoption seem so much slower in insurance? There's an old saying that being early is worse than being wrong, and perhaps that's the case for insurance and insurtech. Now that companies are operating in this space, who are they, what are the success stories and how far will blockchain continue to disrupt the insurtech industry?
All that and much more on this week's episode of Insurtech Insider!
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This episode of Insurtech Insider was produced by Hanna Samuelson and edited by Alex Woodhouse.
Special Guests: Aman Kohli and Simon Taylor.