Tom Johansmeyer

Admittedly, my interest in blockchain has been fairly narrow. Given the role of PCS® in the global industry loss warranty (ILW) market, I’ve been particularly focused on how blockchain-enabled smart contracts could benefit the reinsurance and insurance-linked securities (ILS) market.

During a track at the IFoA Asia Conference 2018 last week, a speaker laid out a “future state” vision that included access to insurance-linked securities (ILS)—or at least some version of ILS—for retail investors.

Here are the ways this blockchain technology can benefit the global insurance industry.

The global insurance industry has taken an interest in blockchain because of certain fundamental benefits that the technology provides.

Unfortunately, 2016 has been an active year for terror.