Insureblocks Blockchain & Smart Contracts In Insurance

Matthias Goessler, CEO of Ritablock and Jean-Pierre Fischer, Markets Director at Ritablock join us in this Insureblocks podcast to discuss their reinsurance accounting blockchain platform called Ritablock and their experience of integrating it into B3i’s recently launched Fluidity Platform. Matthias has been working in the insurance industry for 25 years and has been Ritablock’s CEO since October 2019. Jean-Pierre has been working in both the insurance and reinsurance industry for the last 35 years.   What is blockchain? Jean-Pierre defines blockchain from a non-technical standpoint. For him the block is the digital information that can be reinsurance accounting information or claimed information. That block can be stored in a public blockchain or as in the case of Ritablock stored within a private network on a database.   Challenges of technical accounting and claims data in the insurance industry The administration process within the insurance industry has a very high admin costs due to too much paper s