Fraudulent claims have been one of the biggest challenges in the insurance industry. Insurance claims are now being increasingly regulated in some countries. A common regulator validates all the claims arising through any insurance agency, and payments are made through the regulator. Leap to build a blockchain-based claims system. This helps you define authorised 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 claims process
• Transparent view of asset and policy data on the blockchain with role-based access
• Prevention of fraudulent claims with immutable records and an efficient process.