PressNewsCommitmentSponsorship: Blockchain initiative B3i gains truly international scope

Blockchain initiative B3i gains truly international scope

Service & Contacts

Allianz Group Communications
Koeniginstr. 28
80802 Munich
Germany

Contact overview

Receive the latest Allianz news.

Newsletter

Follow Allianz in the social networks:

Facebook
Twitter
Google+
LinkedIn

  • Contact

  • Newsletter

  • Social Media

Since its launch in October 2016, the Blockchain Insurance Industry Initiative B3i has gained broad attention across the industry and beyond. In the meantime, 10 additional insurance and reinsurance companies have decided to join, giving the initiative a truly global scope with members from Asia, Europe and the Americas.

Allianz SE
Munich, Feb 06, 2017

Allianz-B3i_industry_collaboration

The current 15 members of B3i are Achmea, Aegon, Ageas, Allianz, Generali, Hannover Re, Liberty Mutual, MunichRe, RGA, SCOR, Sompo Japan Nipponkoa Insurance,SwissRe, Tokio Marine Holdings, XL Catlin and Zurich Insurance Group.

“We are really excited about the B3i initiative gaining so much support from other industry players, now representing a truly global approach to the insurance ecosystem,“ said Christof Mascher, Chief Operating Officer of Allianz Group. “Allianz is convinced that embracing technological developments will enable us to further modernize our industry, improve efficiency and thereby innovate the way we serve our customers.”

In a collaborative effort, members of the B3i initiative will explore the ability of distributed ledger technologies to increase efficiencies in the exchange of data between reinsurance and insurance companies.

In order to realize a proof of concept, the participating members will implement a pilot project aimed at transacting reinsurance contracts amongst each other.

If Blockchain technology proves to be a viable tool, it could transform the insurance industry through a shared, transparent record of contract-related information. Streamlining communication and transactions would subsequently improve industry processes and provide better insurance services to customers. The Blockchain Insurance Industry Initiative B3i intends to share first results in June 2017. 

  Forward Looking Statement disclaimer

As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer:

 

  Press contact

Petra Kruell
Allianz SE
Phone +49 89 3800 2628
Send email

  More on allianz.com

Allianz brings renowned ‘Digital Insurance Agenda’ summit to Munich

Allianz-Allianz brings renowned ‘Digital Insurance Agenda’ summit to Munich
Jul 28, 2017 | Allianz SE

Munich will play host to the renowned Digital Insurance Agenda (DIA) for the first time through the efforts of Allianz, one of the driving forces behind the new InsurTech Hub Munich consortium. The must-see event on InsurTech and innovation will take place on November 15 and 16, 2017 at the Eisbach Studios.

More...

Hailing down a plane

Allianz-Hailing down a plane
Jul 27, 2017 | Allianz SE

Wingly, a flight-sharing platform for small aircraft supported by AGCS, has taken carpooling aerial, connecting passengers with civil pilots looking for more air time...

More...

Allianz, EDF Invest and DIF acquire 6.94 percent in Autostrade per I’Italia

Allianz-Allianz, EDF Invest and DIF acquire 6.94 percent in Autostrade per I’Italia
July 26, 2017 | Allianz SE

A consortium made up of Allianz, EDF Invest and DIF has completed the acquisition of a 6.94 percent stake in Autostrade per I’Italia, the largest Italian toll road network which is majority owned by Atlantia, the listed global operator of motorway and airport infrastructure. This is an increase from the binding agreement to acquire a 5 percent shareholding announced in April 2017 by use of a call option to acquire additional shares.

More...
More...