Fraudulent claims have been the biggest issue in the Insurance Industry. Insurance Claims are being regulated in some countries. A common regulator would validate all the claims arising through any Insurance agency and payments are made through the Regulator. Jumpstart to build a blockchain based Claims system. This helps you to define authorized agents in the ecosystem and prevent fraudulent claims, be it Health Insurance or Motor Vehicle Insurance.

• Improved collaboration between all the parties involved in the claim process
• Transparent view of asset and policy data on blockchain with role based access
• Prevention of fraudulent claims with immutable records and efficient process