19 February 2020
A Future Systems strategy helps insurers quickly scale up innovation throughout their organizations and release value trapped in their technology investments.
Smart carriers are turning to a Future Systems technology strategy to ready themselves for the growing disruption that is set to hit the insurance industry. This approach, as I discussed in my previous blog post, enables insurers to quickly scale up innovation throughout their organizations.
The Hong Kong Federation of Insurers, together with local fintech firm CryptoBLK, has used blockchain distributed ledger technology to build an extensive motor vehicle authentication system. The Midas system allows insurers, policyholders, law-enforcement agencies and government departments to authenticate motor vehicle ownership without sharing or revealing any identifiable personal information.
Read more at Accenture, here.