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Marsh takes next step in blockchain-powered insurance platform

Apr. 25, 2019 3:58 PM ETMarsh & McLennan Companies, Inc. (MMC) StockBy: Liz Kiesche, SA News Editor2 Comments
  • Marsh, a subsidiary of Marsh & McLennan (NYSE:MMC -0.7%), starts rolling out its Proof of Insurance Blockchain platform to U.S. clients.
  • The blockchain-powered platform, originally launched as a proof of concept last April, allows clients to speed up business functions by transforming a complicated manual process into a streamlined automated one.
  • The initial rollout will include a self-service digital app for a select group of Marsh clients that will be able to search, view, issue, and re-issue certificates of insurance on-demand 24-hours a day.
  • After the initial rollout, further capabilities will be added to the platform in 2019.

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