Blockchain Life and health insurance

Blockchain For Life and Health Insurance

The L&H Insurance industry is set to be disrupted by blockchain-enabled fast-track claim resolution, seamless multiparty collaboration, and smart risk management capabilities.

The Current Scenario

The insurers and insurees suffer from the constant fear of being misled by the vested interests of the other. The insurance industry needs a disruption to reform the perception of the whole system.

Record Forging

Privacy Hindrance

Insecure Payments

Gruesome
Application Process

Sluggish
Claim Settlement

Unannounced
Fine Prints

Blockchain Propels New Age Products And Innovative Services

Blockchain’s unique characteristics allow the insurance industry to ideate and implement next-gen-policies and develop better relationships with its customers. The blockchaiin serves as a driving force to make patient records interoperable and comprehensive.

Smart Contracts Enforce Requisites

Regulatory and Administrative imperatives can be enforced from within the record maintenance system to ensure well updated and accurate information using smart contracts.

Decentralized and Trustless
Reconciliation

Blockchain automates the collection and linking of records across operational units, utilizing the decentralized shared ledger to optimize multiparty coordination and accelerate performance.

Cryptographically Secured
Records

Blockchain uses cryptographic signatures to secure digital evidence and ensure sharing for underwriting while adhering to privacy regulations.

Transparent and Trustless
Claim Settlement

Blockchain infuses transparency into the ledger thus facilitating ease of application. Also, capable to infuse stringent delay proofing payment release processes.

Enhanced Provider Accessibility

Decentralized and transparent record-keeping accessible everywhere on the network helps make available for the patient diverse providers and facilities to choose from.

Economically Convenient

Blockchain removes the need for laborious manual back-end administrative work, thus reducing the costs and energy requirements to maintain a conducive insurance claim and reconciliation system.

Robust System

Blockchain ensures two-way security by protecting individuals from being delusioned of services and preventing the providers from falling into the rat trap of risking too much and going bankrupt.

Why PrimaFelicitas?

Ensure better trade and happier customers by adopting Blockchain in your business with one of the best supply chain blockchain companies in the world.

Utilize the expertise of our customized blockchain solutions and products.

Employ cutting edge blockchain solutions to drive your company’s success.

Benefit from the specialized skill of our in-house cross functional team.

Implement unique and highly researched strategies to improve your services.

schedule a discussion with our supply chain expert

Our Blockchain Technology Platforms

We employ up-to-the-minute technologies to provide innovative solutions to our clients’ business needs. We indulge in staying abreast with the market and ahead in honing the technologies of the future.

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Industries we serve

While these are some of the industries we have worked with, our Blockchain developers are well equipped to offer solutions to help grow your business digitally.

Retail and E-Commerce

End to end solutions to satisfy customer needs.

Banking and Finance

Managing daily workflows.

Travel and Hospitality

Helps build reliable and resourceful travel apps.

Healthcare

Create solutions to revolutionize healthcare sector.

Trading

Incorporates the benefits of decentralization for trading.

Gaming

Integrates Blockchain to reinvent gaming platform.

forward-thinking full service blockchain development company in us

Share your business goals with us

Blockchain can be applied in almost any industry. We help innovators create their idea and well-thought business process for an industry. Our client’s fully trust and enjoy working with us.