The embers of innovation are beginning to char the massive $1.2 trillion underbelly of the largest industry in the world. Every segment of insurance is under competition by entrepreneurs touting new ways to underprice risk, creating new types of premiums and servicing consumers in a tightly regulated on-demand economy. While most startups attempting to gain traction in the insurance market fall under incremental innovation, Blockchain for insurance could be characterized as disruptive.
The underlying technology of the world’s most adopted digital currency, bitcoin, is quickly becoming one of the hottest topics across a number of industries.
