News Insurance

MetLife, the world’s sixth-largest insurance company, using Ethereum to transform life insurance

MetLife, one of the globe’s largest providers of insurance, is using Ethereum to transform the life insurance claims process. Using Ethereum to transform life insurance LumenLab, MetLife’s Singapore-based incubator, is collaborating with media group Singapore Press Holdings and insurance cooperative NTUC Income to release “Lifechain,” a smart contract platform built on Ethereum, reported Forbes contributor […]

MetLife, the world’s sixth-largest insurance company, using Ethereum to transform life insurance

Major US Crypto Exchange Obtains Insurance, Will it Have Positive Effect on the Industry?

This week, major New York City-based crypto exchange Gemini obtained insurance coverage from a consortium of leading insurance providers led by Aon, a multi-billion dollar insurance giant based in London. Yusuf Hussain, Gemini’s Head of Risk, emphasized the importance of providing sufficient consumer protection to assure that investors on the platform can freely trade cryptocurrencies […]

VeChain Partners with Chinese Insurance Firm to Create ‘Collaborative Ecosystem’ Using Thor Blockchain

China’s largest insurance conglomerate by total assets handled, the People’s Insurance Company of China (PICC), has partnered with VeChain, blockchain-based information tracking and governance systems company, with the goal of digitally transforming the insurance industry, according to a press release. China’s Blockchain Push While the Chinese government continues to maintain a strict stance on cryptocurrencies, blockchain […]

How ICON Partnered with Korea’s Biggest Insurance Firm to Develop Blockchain Apps

This past June, ICON, the most valuable blockchain project in South Korea, secured a strategic partnership with Kyobo Life, the country’s largest insurance firm alongside Samsung, to develop blockchain-based services. In 2017, prior to the creation of the newly drafted legislation that will recognize cryptocurrency- and blockchain-related businesses as legitimate, regulated institutions, South Korea’s Ministry […]

How ICON Partnered with Korea’s Biggest Insurance Firm to Develop Blockchain Apps