11 July 2018Insurance

Chubb joins blockchain startup BiTA in digital push

Property/casualty insurer Chubb has become an industry association member of the Blockchain in Transport Alliance (BiTA).

Founded in August 2017, BiTA is an organisation that aims to promote the development and adoption of blockchain applications in the trucking, transportation and logistics industries, including establishing industry-wide standards.

Anthony O’Brien, Chubb’s head of marine for Asia Pacific, said: “Chubb is committed to the digitization of its products and services, offering innovative online shipment insurance options for agents close to transport communities, transport operators and their shippers. Apart from our award-winning CargoAdvantage web-based marine insurance quoting and certificate issuing system, we have a number of pilot projects to automate shipment insurance transactions. These can be adapted for blockchain environments to enhance processes and cost transparencies.”

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More on this story

10 July 2018   Investment firm Fineqia International is taking an equity stakein Estonia-based Black Insurance, a digital insurance startup based on the blockchain.
13 July 2018   Property/casualty insurer Chubb has appointed Annmarie Camp as head of its European personal risk services division, based in London.
19 July 2018   The internet has created a trust vacuum and by replacing outmoded and insecure centralized networks with distributed blockchain solutions insurers can reinstate control over private data, says risk academic and former CEO of Aon Benfield Analytics, Stephen Mildenhall.