Insurers battle for blockchain

Getting the world’s insurers to co-operate on anything is like herding cats. So it is no mean feat that 38 of them - including heavyweights Allianz, Swiss Re and AIG - have voluntarily signed up to collaborate on a technology initiative called B3i.

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Perhaps they have decided that there is safety in numbers. The project that has brought them together is an existential one: the use of mutually distributed ledgers that can never be changed - aka blockchain - in insurance.

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