UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 8 Issue 3
March-2021
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2103290


Registration ID:
301251

Page Number

2322-2325

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Title

Insurance Process using Blockchain

Abstract

Blockchain is a fast disruptive technology becoming a key instrument in the shared economy. In recent years, Blockchain has not only received a considerable amount of attention from many research and government institutions but also from academy and industry. Since it is considered a breakthrough technology, it could bring benefits to many different sectors. Insurance is one of the sectors that, among others, which started to carefully examine the possibility of blockchain. The field of Insurance has taken a giant leap at the threshold of the twentieth century. Over time insurance has become an integral part of the life of man all over the world. Claim management is one of the most challenging business processes in the insurance sector. With the number of stakeholders involved, the dependencies and the logistics, there is a need to eliminate manual involvements Insurance process is an expert system which generates the rules and regulations for the assessment of general damage using the key information in the medical report, surveyor report, loss accessor’s report. The insurance process regulates the payment of general damages also payment of the loss of future earnings. The objective of the paper is to give a gist about how the insurance company settles the claims, the procedure that is followed, which does not involve any intermediate.

Key Words

Blockchain, Decentralised

Cite This Article

"Insurance Process using Blockchain", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 3, page no.2322-2325, March-2021, Available :http://www.jetir.org/papers/JETIR2103290.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Insurance Process using Blockchain", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 3, page no. pp2322-2325, March-2021, Available at : http://www.jetir.org/papers/JETIR2103290.pdf

Publication Details

Published Paper ID: JETIR2103290
Registration ID: 301251
Published In: Volume 8 | Issue 3 | Year March-2021
DOI (Digital Object Identifier):
Page No: 2322-2325
Country: Nagpur, Maharashtra, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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