THELOGICALINDIAN - The Indian allowance companyBajaj Allianz General has appear that it will use blockchain technology to acceleration up theprocess of claims in the biking and motor divisions
Bajaj Allianz General Insurance clearly announced on July 7th that it will be amalgam blockchain technology with some of its insurance products. The implementation of this technology into its operations will finer advice acceleration up the action of claims. This new admeasurement will additionally advice save man hours, reduce affirmation times, and accomplish the articles easier to use for consumers.
Sourabh Chatterjee, Head of IT, Web Sales and Digital Marketing at Bajaj Allianz General Insurance, told BusinessLine:
The action of claims can be accelerated with blockchain technology back it connects barter anon with suppliers after the charge for third parties.
Chatterjee additionally added:
According to the official announcement, the new technology will be mainly acclimated in biking and motor allowance products. The new biking allowance product, “Travel Ezee”, will acquiesce barter who accept flight delays to instantly action their claims. Before blockchain implementation, barter were affected to abide a affirmation anatomy with an official “delay certificate” by the airline.
But now with blockchain technology, this will booty abundant beneath time and accomplishment to process.
Another breadth area the new technology will be focused is the Motor division. The Indian insurance aggregation has additionally launched an “On The Spot” ability for motor claims. The new facility will acquiesce barter to self-inspect the blow acquired in an auto blow with the company’s own insurance wallet app.
This new affection will abate the time bare to action motor blow claims from 5 canicule to a bald 20 minutes.
What are your thoughts on this use case of blockchain technology? Do you anticipate that blockchain will be the approaching of insurances? Let us apperceive in the comments below!
Images address of Pixabay
