Taiwanese insurers to launch a blockchain platform
A group of eleven local companies are launching a blockchain platform in Taiwan. The six-month project recently approved by the regulatory authorities, shall start on the 1st of July 2020.
The new platform will allow policyholders to report their claims and change their personal parameters. The policyholders who are covered by several insurers will only have to contact one company, which will automatically transmit the terms and conditions or claim notifications to the other insurers.
The project involves the following companies : Cathay Life Insurance, Fubon Life Insurance, Nanshan Life Insurance, Shin Kong Life Insurance, Taiwan Life Insurance, Yuanta Life Insurance, China Life Insurance, TransGlobe Life Insurance, First Life Insurance, Cathay Property Insurance and Fubon Property Insurance.
