Allianz pioneers blockchain prototype for the captive insurance market
• Allianz Global Corporate & Specialty (AGCS) has successfully implemented a blockchain prototype for an existing global captive insurance program of a client
• AGCS line of business Allianz Risk Transfer cooperated with EY, Ginetta and Citi Treasury and Trade Solutions
• Prototype demonstrates that international insurance transactions can be significantly accelerated and simplified
• Functionalities include cash payments, real-time access of tracked information and an intuitive, convenient user interface