Z/Yen and PWC Team Up to Explore Blockchain Insurance

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PwC has announced it is launching a Long Finance research project into the potential of Blockchain technology in wholesale insurance. The proposed study will be a collaborative exercise working with the Long Finance community. 

PwC and Z/Yen will bring together a range of wholesale brokers, insurers and re-insurers to create a common view of the potential benefits that Blockchain could bring. They will conduct a global survey of the industry and interview leading thinkers around the world. The team will identify priority business ‘use cases’ and develop a roadmap for future developments.

The study will be used to assess current thinking and explore the potential for‘mutual’ or consortium research into taxonomies and standards for the insurance industry. The research and a working Proof of Concept prototypes will be launched in July.

As sponsor of the study PwC will work with Z/Yen to co-develop the report and will utilise its newly established Blockchain research laboratory in Belfast to develop the prototype proof of concept technology.

PwC partner Steve Webb, who leads the UK’s financial services Blockchain practice, said:

“With a new technology like Blockchain it’s fundamental that you work in an agile way to prove that the technologies not only work, but provide the right solutions to specific business problems. Businesses need to build, learn from mistakes refine and improve. PwC’s Belfast laboratory team are experts in this way of working and, by working alongside PwC insurance experts and the Z/Yen team, we are confident and excited that we will be able to unveil a working prototype alongside the written report.”

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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