3 last clues from Sherlock re: insurtech (keep in mind he's not an insider so it's just speculation) - RiskBlock consortium (founded by The Institutes, joined by ~30 insurance firms, also working with EY, Accenture, picked R3/Corda as their blockchain of choice?): possible link ties through Accord? / but corda doesn't need link from what I understand? - Lloyd's of London (not an insurance company, but a marketplace) launched Lloyd's Labs initiative, working with a dozen start-ups to develop insurtech products, should investigate deeper to see which could be using link & monitor progress See list of all the startups involved lloyds.com/news-and-risk-insight/press-releases/2018/09/lloyds-lab-opens-its-doors-to-tech-disruption - LumenLab initiative from MetLife life insurance, also digging into insurtech. One of their partners is PwC, and their legal branch just joined Accord. Nothing solid so far
We also know AXA Fizzy is aware of Link, but also looking for alternatives? All the big legacy insurance firm will be moving towards blockchain adoption as functional smart contracts insurtech emerges but for now they're just getting their feet wet with consortium, small experimental projects and research labs. Meanwhile new insurance startups built from the ground-up with blockchain in mind also emerging.
Decentralized Insurance Developer startups currently emerging Etherisc = currently uses Oraclize, but follow Sergey, Andrew Miller, might swift after mainnet? iXledger Zeusshield Aigang Black Insurance = follow Link account, their project launches in 2019 Vernam Insurepal PolicyPal InsurChain VouchForMe D1Conf is the conf for this industry
Need to complete to get a fuller picture of insuretech need for oracles, not sure if they're all dealing with smart contracts; some haven't launched yet, more likely to use link than oraclize if they release in 2019
Another project mentioned in archive rainvow.org/ Correct me & add what's missing
Lloyd’s has revealed the teams that will be offered a spot in the founding Lloyd’s Lab cohort, kicking off on 8 October*. These include:
Layr, an AI powered insurance platform providing faster access for small businesses buying liability insurance. CargoSnap, a mobile transportation inspection app connected to a powerful online platform to collect, analyse, and share information in the supply chain, speeding up claims. DropIn, an on-demand live video streaming platform to streamline insurance inspections and catastrophe response assessment using mobile phones and drones. Insurercore, a digital-based risk appetite directory for those seeking to place and write risks quickly and conveniently. BelMead Tech, a claims support platform using blockchain and other technologies, to improve the insured’s claim journey whilst also improving efficiencies for the claim handling team. Parsyl is a supply chain data platform that combines low-cost sensing hardware and large scale data mining to allow insurers to better anticipate risk and improve the claims process. Geollect, creators of proprietary intelligence software for businesses to improve efficiencies, safety and security. ZASTI, an AI technology platform built using proprietary Deep Learning algorithms to provide predictive and diagnostic solutions to solve multiple business problems. Qnity, a digital insurance that allows individuals to design their own insurance solutions. iCede, a cloud-based platform that enables large insurance companies to interact across borders in order to arrange insurance cover for multinational corporations.
>For instance, one of the firms that we’re talking to, and we did some work with earlier in the year, is ConsenSys, a boutique firm that’s focused on building blockchain applications. And there are other big boys, like Deloitte, that we’ll be talking with, too.
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