Insurance broker and risk adviser Marsh has started offering its proof of insurance blockchain platform to its commercial clients in the US.
The blockchain-powered platform, which has been in the making for more than a year, automates and streamlines the manual process.
Go deeper with GlobalData
Marsh proof of insurance blockchain platform
The initial rollout, according to the company, will include a self-service digital app for a select group of clients.
The app will allow clients to search, view, issue, and re-issue certificates of insurance on-demand.
The insurance broker added that it will to add further capabilities to the platform this year.
Marsh chief digital officer and chief data & analytics officer Sastry Durvasula said: “Today marks an important milestone in the development of Marsh’s Proof of Insurance Blockchain platform.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“It builds a robust foundation for creating the network of networks that will enable certificate issuance and verification on a much broader scale, while providing intuitive digital self-service for our clients.”
Marsh president of US and Canada division Martin South said: “Proof of insurance is a key business requirement for many industries. By vastly simplifying the process of obtaining certificates, we will enable clients to spend more time focused on the things that matter such as growing their business.”
