The life insurance industry lacks a single source of truth for processing death benefits and claims. Many people have life, annuity and retirement coverage through multiple companies, resulting in an overlap of policyholders across the industry and making the timely closure of such claims a challenge.
To solve this problem, The Institutes RiskStream Collaborative™, the risk management and insurance industry’s largest enterprise-level blockchain consortium, worked together with Kaleido to build Mortality Monitor.
Mortality Monitor helps address this problem by providing a blockchain-based technology solution that offers a single source of digital decedent information required to process a claim securely, in real-time, and with transparency and traceability.
The life insurance industry lacks a single source of truth for processing death benefits and claims. Many people have life, annuity and retirement coverage through multiple companies, resulting in an overlap of policyholders across the industry and making the timely closure of such claims a challenge.
To solve this problem, The Institutes RiskStream Collaborative™, the risk management and insurance industry’s largest enterprise-level blockchain consortium, worked together with Kaleido to build Mortality Monitor.
Mortality Monitor helps address this problem by providing a blockchain-based technology solution that offers a single source of digital decedent information required to process a claim securely, in real-time, and with transparency and traceability.
