Marsh Expands IBM Collaboration to Provide Blockchain Proof of Insurance to More Clients Through Salesforce Platform
27 9월 2018 - 1:21AM
Business Wire
Marsh, a global leader in insurance broking and innovative risk
management solutions, announced today that it is expanding its
collaboration with IBM (NYSE: IBM) to provide clients with wider
access to the industry’s first commercial blockchain solution for
proof of insurance.
By using blockchain technology, Marsh and IBM are working
together to transform the certificate of insurance process from
complicated and manual, to streamlined and transparent, allowing
clients to speed up necessary business functions such as hiring
contractors.
Leveraging the IBM Blockchain Platform and IBM’s strategic
relationship with Salesforce, the global leader in CRM, Marsh will
work with IBM to extend its commercial proof of insurance
blockchain solution to be directly accessible to Marsh clients
through the Salesforce Platform.
The new initiative will be demonstrated today at Salesforce’s
Dreamforce 2018, taking place in San Francisco.
Commenting on the expansion, Sastry Durvasula, Marsh’s Chief
Digital, Data, and Analytics Officer, who will be speaking about
the new collaboration at Dreamforce, said: “By making proof of
insurance accessible digitally and instantaneously for our clients
through Salesforce, we are streamlining a key business requirement
through easy and secure sharing of proof of insurance.”
A distributed ledger technology, blockchain establishes a
shared, immutable record of all the transactions that take place
within a network and then enables permissioned parties access to
trusted data in real-time. Since proof of insurance is a key
business requirement in many industries, this blockchain solution
allows the creation of a network of networks to provide
verification on a much broader scale.
“Distributed ledger technologies are driving efficiency across
many industries by enabling legacy manual processes to operate more
efficiently and with greater transparency and trust,” said Sandip
Patel, General Manager, Insurance Industry, IBM. “This innovation
is an ideal example of how blockchain can be used to drive real
business results and collaboration in the insurance industry.”
Marsh announced in April the first commercial proof of insurance
solution, in conjunction with IBM, with input from insurance
standards leader ACORD and customer feedback from ISN, the global
leader in contractor and supplier information management. The
blockchain is built on the open source Hyperledger Fabric
technology and IBM Blockchain Platform.
Salesforce, Dreamforce and others are among the trademarks of
salesforce.com, inc.
About Marsh
A global leader in insurance broking and innovative risk
management solutions, Marsh’s 30,000 colleagues advise individual
and commercial clients of all sizes in over 130 countries. Marsh is
a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:
MMC), the leading global professional services firm in the areas of
risk, strategy and people. With annual revenue over US$14 billion
and nearly 65,000 colleagues worldwide, MMC helps clients navigate
an increasingly dynamic and complex environment through four
market-leading firms. In addition to Marsh, MMC is the parent
company of Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on
Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.
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MarshSally Roberts, 303-952-9453sally.roberts@marsh.com
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