MetLife Plans To Disrupt $2.7 Trillion Life Insurance Industry Using Ethereum Blockchain

Jun 19, 2019

  1. Northeast Agent
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    MetLife Plans To Disrupt $2.7 Trillion Life Insurance Industry Using Ethereum Blockchain

    In what is believed to be the first pilot program in the world focused on the life insurance industry, MetLife’s Singapore-based incubator LumenLab is collaborating with Singapore Press Holdings (SPH) and NTUC Income (Income) on a platform of smart contracts known as ‘Lifechain’ to help loved ones quickly determine if the deceased was protected with a policy and automatically file a claim.

    If successful, this program has the potential to transform the insurance industry as a whole, creating new markets, products, and the ability to serve a more diverse set of customers at lower price points.
     
  2. JamesBond007
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    The point of blockchain is a decentralized ledger that improves transparency, is censorship resistant, and immutable. Unless blockchain automates death benefit payouts, what's the point?
     
  3. MosesNewmanNAAIP
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    Metlife is one of the largest, richest insurers out there. We write lots of monster policies with them. Types of wealth transfers for the affluent.
     
    Last edited: Jun 30, 2019
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