Description

As technology continues to evolve, the insurance industry must continue to adapt to new ideas and innovations. Many insurance transactions remain largely human intensive, which often leads to slowdowns and potential risk. With recent advances in blockchain technology, smart contracts are beginning to pave the way to more efficient insurance transactions. Through use case examples, Baker Tilly’s Russell Sommers and Todd Olson will demonstrate the current and future state of smart contracts in the insurance industry. Sid Jha will provide a deep dive into how parametric weather products are built using smart contracts and the flexibility of products built using smart contracts. This session will provide attendees with an overview of the utility of smart contracts and offer insight on how they can be used to create products and increase efficiency.

Tracks:

• 
  Information Technology

Exporter Choices

1. Learning Objective 1:
Define smart contracts and their use in the insurance industry

2. Learning Objective 2:
Identify the benefits of utilizing smart contracts

3. Learning Objective 3:
Recognize how to successfully implement smart contracts

4. Target Audience:
IT