BlockAssure Completes Pilot for Life-Annuity Policy Issuance on the InsurTech Network
BlockAssure
The pilot issued and serviced policies end to end on MindChain with an insurance partner in the UAE.
BlockAssure completed a pilot that issued life-annuity policies on the MindWave InsurTech network. Policy issuance, premium collection and claims events ran on MindChain.
The pilot partner reported a reduction in reconciliation time from days to minutes.
BlockAssure moves to a limited production phase in the fourth quarter.
