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Property & Casuality Insurance

Blockchain for Property and Casualty Insurance

Blockchain For Property And Casualty Insurance

Leveraging blockchain can disrupt the P&C insurance ecosystem through new-age infrastructure and processing mechanisms to deliver simplicity and efficiency.

The Current Scenario

The gaps in visibility across the insurance environments perpetuate system exploitation and dependency on intermediaries poses legitimacy and regulatory hurdles.

Disparate data
in large volumes

Human Intervention dependent

Human Intervention
dependent

Susceptible
to fraud

Claim Leakage

Error Prone

Blockchain Fecilities A Secure And Stringent Trustless Ecosystem

Decentralized ledgers and immutable trasaction management systems prove instrumental in magnifying the outreach of the P&C insurance industry.

Immutable Ledger System

The secure blockchain ledger system ensures that only verified data enters the system and immutability of ledgers enforces check overr repeated or non-conforming entries.

Fraud Management

A robust consensus mechanism ensures that only verified transactions succeed thus adding a layer of security against fraudulent claiims or policy ownership manipulation.
Real-time Claim Reconciliation

Real-time Claim Reconciliation

Decentralized ledgers enable real-time identity verification and claim validation which helps in settling the claims in real-time.
Claim Automation

Claim Automation

Event-triggered smart contracts, aid an automated and unique claim application process, preventing double booking.

Simplified Information Sharing

Transparent and Trustless sharing of claim data across consumers, brokers, insurers, and reinsurers securely and seamlessly.
Improvised Policies and Process

Improvised Policies and Process

Blockchain-enabled P&C insurance systems lead to the generation of more customer-centric policies and a resilient insurance claims.
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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.
  • Extensive Expertise
Utilize the expertise of our customized blockchain solutions and products.
  • Cutting Edge Solutions
Employ cutting edge blockchain solutions to drive your company’s success.
  • Highly Skilled Development Team
Benefit from the specialized skill of our in-house cross functional team.
  • Profound R&D
Implement unique and highly researched strategies to improve your services.

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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.
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Retail and E-Commerce

End to end solutions to satisfy customer needs.
Banking

Banking and Finance

Managing daily workflows.
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Travel and Hospitality

Helps build reliable and resourceful travel apps.
health

Healthcare

Create solutions to revolutionize healthcare sector.
trading

Trading

Incorporates the benefits of decentralization for trading.
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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.

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