Defining Blockchain use cases for life and P&C Insurance. 


Innovation Project Description:

It’s said Blockchain will have the same impact on global society as the internet.  It will revolutionize payment processing.  It will democratize banking for the globe.  It will not just disrupt payment processing and financial services, but every sector of the world from politics to land title.

But, where will it impact our world of insurance first?  Where should it?  At the highest level you it is evident that Blockchain can impact all functions of the insurance industry and all lines of business. 

Join us on a one-month discovery into what Blockchain and where it may be best suited for insurance. 

During this time, you'll learn from Blockchain experts on what this is and the direction it is heading in. With this base understanding, you will then openly collaborate and create with industry peers to develop potential use cases for Blockchain in the insurance industry.

True to the Cookhouse Lab principles, we believe in speed and iteration. With this initial project, the objective is to begin the Blockchain Journey and see where our collective ideas can take us.

After to this this initial four week sprint, the top three use cases will be selected by Cookhouse Lab to launch three subsequent four week Blockchain innovation projects with the intent to produce a business case and Minimum Viable Product (where applicable). 

 

This project is has been completed and closed for applications. See our Innovation Projects Listing for a full details on upcoming projects.

This project is has been completed and closed for applications. See our Innovation Projects Listing for a full details on upcoming projects.

 

Project Details:

Each innovation project will begin with a Lean Startup mindset followed by the phases of Design Thinking supported by a variety tools with the ultimate goal of creating a business case and a Minimum Viable Product (MVP). 

 

Project Type


  • Open innovation project for Cookhouse Lab members 
  • Project team will consist of members from different insurers and reinsurers

Duration


  • Sprint: 4 Weeks 
  • Start: May 8, 2017
  • End: June 2, 2017
  • Apply by: April 17, 2017

Insurance


  • Insurance & Reinsurance (all regions worldwide) 
  • Life
  • Property & Casualty

Target Group


  • Operations
  • Business
  • IT
  • Finance