Blockchain in Insurance with The Institutes RiskStream Collaborative
September 30, 2021
12 pm - 1 pm Central Time, 1 pm - 2 pm Eastern, 10 am - 11 am Pacific
To paraphrase an old African proverb, “If you want to go fast, go alone. If you want to go far, go together.” A competitive advantage can come in many forms, and can pertain to all aspects of an insurance organization’s business – from underwriting and pricing to process efficiency and customer service. However, there are some internal processes that are largely reliant on sharing data externally – where no matter how efficient a firm’s backend processes are, processing time is wholly dependent on the external party or parties the firm is sharing data with. We see highly variable processing times within multi-party business process flows across all lines and functions of insurance. With the help of its members, RiskStream has and is creating solutions across personal lines, commercial lines, reinsurance, and life & annuities to help make these shared processes more efficient. Capturing efficiency and data accuracy is important yet there are also opportunities within RiskStream’s solutions for improved customer service and even revenue generation. Join us for a look at what RiskStream is, what we’ve accomplished, what we’re working on, where we’re going, and how you can get involved to help the insurance industry go far, together.
Brendan Picha, Head of Outreach, RiskStream