The Blockchain Insurance Industry Initiative (
B3i) is gearing up for its
annual get together in Monte Carlo on Monday. One of the topics that they plan to discuss is the company’s move into Commercial insurance, its second line of business. The first project was a reinsurance contract for Excess of Loss (XOL).
They chose XOL as the first project because of its relative simplicity. The plan is to go into production for the renewal cycles in the new year. They’ve just started an early movers program of a dozen companies who will be the first to action the renewals on the B3i platform.
Commercial insurance
Antonio Di Marzo joined B3i from Generali as Product Owner for Commercial Insurance. He’s currently working on standardization, integration, and automation.
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