Japanese insurer launches blockchain application to manage data of insurance intermediaries and agents
The Japanese insurer specializing in short-term smart insurance - small-amount short-term insurance (SSI), has launched a blockchain project "STATICE" to manage the data of insurance intermediaries and agents. SSI includes, among other things, home property insurance, tenant insurance, motorcycle or bicycle.
The idea of the blockchain project is to create a common industry tool, which, in addition to SBI Nihon SSI, will be used by three other smart insurers - SBI IKIIKI SSI, SBI Resta SSI and SBI PRISM SSI. Currently, each of the 108 SSI companies in Japan has its own intermediary and agent management systems. Part of the problem is that the procedures require SSI insurance companies to register only the attorneys with whom they work in the financial bureau.