Enabling Blockchain Transformation for the Insurance Industry
The insurance process is a complex system that requires layers of data processing, authentication and administrative tasks. The cost to enroll and to claim an insurance policy is an age-old challenge of the industry. Blockchain has redefined insurance systems by automating actor-dependent roles, such as verifiers and Know Your Customer (KYC) processes, that lead to greater efficiency. DynaQuest designs and develops a Blockchain architecture to fit unique insurance processes or integrate existing Blockchain-as-a-Service (BaaS) platforms to fit insurance firm operations.
Change Management for InsurTech
The move from the current insurance system to Blockchain requires a thorough strategy that encompasses various levels of change management from executive to department participation. DynaQuest guides insurance providers in their Blockchain transformation journey in order to harness the innovative benefits of Blockchain through a comprehensive and well-defined strategy based on the change management approach: from process mapping, systems development use case building, development and deployment of the Blockchain framework.