Allianz Launches Blockchain Claims Solution in 23 Countries
Allianz, Europe’s largest insurer, went into production mid-May with a solution to streamline international motor insurance claims. The enterprise blockchain platform has been deployed across 23 European subsidiaries.
In the first six weeks following the launch, hundreds of Allianz staff processed around 145,000 transactions supporting over 10,000 international accident claims.
‘We’ve been building quietly for a while,’ said Bob Crozier, Allianz Technology’s Head of Enterprise Architecture & Global Head of Blockchain.
He noted that many enterprise blockchain teams went quiet after the 2018 hype cycle. ‘I think that’s when the real work began,’ he said.