Marsh has a commercial
proof of insurance platform that it has been developing with IBM and complies with
ACORD standards. Today they announced they’re working with Evident which provides an API to enable gig economy platforms to perform background reviews. Marsh intends for their proof of insurance to be one of the checks. So the platforms can use Evident to verify gig economy identity and insurance coverage.
The purpose of Marsh’s proof of insurance platform is to digitize the proof of insurance so that permissioned parties can verify data without the need for paperwork.
“The beauty of blockchain technology is its ability to provide trust, efficiency, and security across ecosystems,” said Sastry Durvasula, Chief Digital, Data and Analytics Officer at Marsh. “As the need for insurance and identity verification grows, our collaboration with Evident harnesses the power of blockchain to transform a major business challenge for the sharing and gig economies.”
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
