Blockchain Insurance Solutions
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. With innovation, 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 develops a fully customized enterprise 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 engagement from executive to department participation. DynaQuest helps insurance providers harness the innovative benefits of blockchain through a change management approach: from process mapping, systems development and use case building to guide their journey towards blockchain adoption.