Blockchain, InsurTech, and Smart Contracts: A Review of Compliance and Digital Shifts
Conference paper
Duta, L. and Auwal, B. 2024. Blockchain, InsurTech, and Smart Contracts: A Review of Compliance and Digital Shifts. ICSDI 2024: 2nd International Conference on Sustainability: Development and Innovation. Riyadh, KSA 18 - 22 Feb 2024 Springer.
Authors | Duta, L. and Auwal, B. |
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Type | Conference paper |
Abstract | This paper explores the transformative potential of blockchain and smart contracts in the insurance industry. It delves into how these technologies can revolutionise insurance operations, improving transparency, efficiency, and trust. The study analyses the integration and impact of blockchain in insurance, assesses operational and regulatory challenges, and explores the future trajectory of this technology in the sector. Key findings indicate a growing interest in blockchain among insurance professionals, balanced by challenges in adoption and integration. The paper concludes by highlighting the need for more research and collaboration to fully leverage blockchain in insurance, underscoring its significant potential to redefine industry dynamics. |
Keywords | Blockchain; InsurTech; Smart Contracts; Regulatory Compliance; Digital Transformation |
Year | 2024 |
Conference | ICSDI 2024: 2nd International Conference on Sustainability: Development and Innovation |
Publisher | Springer |
Accepted author manuscript | License File Access Level Repository staff only |
Publication process dates | |
Accepted | 06 Jan 2024 |
Deposited | 27 Mar 2024 |
Copyright holder | © 2024, The Authors |
https://repository.uel.ac.uk/item/8x7v8
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