Deloitte Selected By The Institutes RiskBlock™ Alliance To Accelerate Blockchain Application Development And Expansion Into Canada

The Institutes RiskBlock Alliance, a blockchain consortium representing 31 risk management and insurance companies, announced today that it has selected global professional-services organization Deloitte to help advance its blockchain application and product-development efforts. Deloitte will leverage its industry-leading digital capabilities to help the RiskBlock Alliance implement and test multiple products that will be brought to market by the end of 2018. Deloitte will also help the RiskBlock Alliance expand the consortium into Canada, the first piece of a planned international expansion. Over the next few months, and with Deloitte’s strategic support, the RiskBlock Alliance will establish a legal entity in Canada and begin working with Canadian-based property-casualty and life/annuity insurers. The expansion will help the RiskBlock Alliance deliver scalable blockchain solutions across the global insurance industry.