How blockchain will reshape re/insurance
All insurers are grappling with the opportunities and challenges presented by a digital future and the greater availability of data. Allianz is looking to get ahead of the game, as its first chief digital officer Solmaz Altin tells Intelligent Insurer.
German insurer Allianz is boosting its digital capabilities which should enable it to enter new markets at low cost and accelerate premium growth, according to Allianz’s first chief digital officer Solmaz Altin.
Allianz is working on simplifying products and processes and on developing technologies and platforms to fully digitise the business. Altin has headed the new ‘Digital Transformation’ unit since January 1 to foster the digitisation of the group.
“Blockchain could enable the creation of a decentralised contract administration at lower costs in the context of smart contract architecture.”
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