Marsh, the world’s leading insurance broker and risk adviser, announced
today that it will begin rollout of its Proof of Insurance Blockchain
platform to US commercial clients.
Originally launched as a proof of concept last April, Marsh’s
blockchain-powered Proof of Insurance transforms the process from manual
and complicated to automated and streamlined, allowing clients to speed
up necessary business functions while increasing coverage certainty.
The initial rollout will include a self-service digital app for a select
group of Marsh clients, that will be able to easily search, view, issue,
and re-issue their certificates of insurance on-demand 24 hours a day.
Following the initial rollout, further capabilities will be added to the
platform in 2019.
“Today marks an important milestone in the development of Marsh’s Proof
of Insurance Blockchain platform,” said Sastry Durvasula, Chief Digital
Officer and Chief Data & Analytics Officer, Marsh. “It builds a robust
foundation for creating the network of networks that will enable
certificate issuance and verification on a much broader scale, while
providing intuitive digital self-service for our clients.”
Martin South, President of Marsh’s US and Canada division, added: “Proof
of insurance is a key business requirement for many industries. By
vastly simplifying the process of obtaining certificates, we will enable
clients to spend more time focused on the things that matter such as
growing their business.”
Marsh will be previewing the blockchain platform to clients at the
upcoming RIMS 2019 Annual Conference & Exhibition in Boston.
is the world’s leading insurance broker and risk adviser. With over
35,000 colleagues operating in more than 130 countries, Marsh serves
commercial and individual clients with data driven risk solutions and
advisory services. Marsh is a wholly owned subsidiary of Marsh
& McLennan Companies NYSE: MMC), the leading global professional
services firm in the areas of risk, strategy and people. With annual
revenue over US$15 billion and 75,000 colleagues worldwide, MMC helps
clients navigate an increasingly dynamic and complex environment through
four market-leading firms: Marsh,
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