We are the winning team for AIA Blockchain Challenge 2016. Teams of highly experienced developers who are keen to explore blockchain applications converged in Hong Kong to develop the following categories
The claims process can be time-consuming for both customers and the insurer. Distributed ledger technology can help automate the claims process in managing workflow (smart contracts) and steamline data collection and verification across multiple parties.
Customer Information and Regulation
In order to build relationships with clients, insurance companies require individuals and companies to submit documentation that verifies the identity of the parties. Distributed ledgers can help facilitate digital exchange, authentication of documents, secure transmissions of contracts.
Risk Management & Treasury Efficiency
Whenever a transaction occurs, insurers have to take on an AML process. This includes screenings across international entities and often external institutions. The distributed ledger can act as a common secure platform for information storage and transfer across internal and external users.
Insurance products are often linked to lifestyles and significant moments in people’s lives. This information is becoming increasingly accessible in the age medical record storage and wearables. A central platform could consolidate real time alerts triggered by specific events and customer information to create integrated patient journeys.
AIA Group Limited and its subsidiaries comprise of the largest independent publicly listed pan-Asian life insurance group with a presence in 18 markets in Asia-Pacific. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$181 billion as of 31 May 2016.
Learn more at www.aia.com
What are the timings?
September 12th — Registration opens
September 29th — Virtual challenge begins / AIA — Blockchain Challenge Network access granted to all registered / taking submissions
November 20th — Submission deadline
December 2nd — Virtual pitch and demo for the top submissions
December 5th — Top 5 winners announced
Mid-December 2016 — Showcase Day for the top 5 in an all expenses paid trip to Hong Kong