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

Risk Barometer 2018: Business interruption and cyber incidents dominate risk landscape in 2018

Allianz-Risk Barometer 2018: Business interruption and cyber incidents dominate risk landscape in 2018
Jan 16, 2018 | Allianz SE

They take aim at the backbone of the connected economy and, when they strike, can jeopardize the success, or even the existence, of companies of every size and sector. Business interruption (#1 with 42 percent of responses / #1 in 2017) and Cyber incidents (#2 with 40 percent of responses, up from #3 in 2017) are this year’s top business risks globally, according to the Allianz Risk Barometer 2018.

More...

Season of Extremes

Allianz-Season of Extremes
Jan 12, 2018 | Allianz SE

Extreme weather events, such as the mudslide that struck Southern California this week and killed at least 17 people, can be expected to increase in frequency and intensity...

More...

Politically Correct: Risks from Populism

Allianz-Politically Correct: Risks from Populism
Jan 10, 2018 | Allianz SE

Rising populism in politics is making the economic environment uncertain. Companies must gear up to cope with the risk of sudden political and legal shocks, writes expert Katinka Barysch...

More...
More...