Chinese Insurance Giant Ping An Partners With Decentralized AI Startup SingularityNET March 17, 2019

Chinese insurance giant Ping An has partnered with Ethereum (ETH)-based decentralized artificial intelligence (AI) startup SingularityNET. The latter company announced the collaboration in a press release published on Medium on March 14. Per the release, the collaboration will at first focus on Optical Character Recognition (OCR), Computer Vision (CV) and model training. SingularityNET notes that […]

Blockchain in Health Insurance: More Accuracy, More Transparency and More Efficiency February 21, 2019

The evolving relationship between blockchain tech and the health sector has already been thoroughly documented, yet something that’s received less attention is the increasing role blockchains are set to have in the health insurance industry. This industry was worth over $600 billion in 2017 in the United States alone, while calculations suggest that as much as $375 […]

Insurance Giant Aetna Partners With IBM on Blockchain Network for Healthcare Industry January 25, 2019

United States-based health insurance giant Aetna has partnered with IBM to create a blockchain network tailored to the healthcare industry, Reuters reported Jan. 24. Estimated to serve over 39 million clients globally, Aetna has reportedly issued a joint statement with IBM clarifying that the blockchain system will be designed to streamline insurance claims processing and […]

Insurance Giants See ‘Big Opportunity’ in Cryptocurrency Storage Coverage July 21, 2018

Big insurance companies such as XL Group, AIG and Chubb are quietly offering cryptocurrency insurance as cryptocurrencies and blockchain technology continue to gain acceptance. While the insurance companies active in this sector are not doing a lot to publicize their activities, those interviewed said they can avoid liabilities. According to Bloomberg more than a dozen […]