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.
AuthorsDuta, L. and Auwal, B.
TypeConference 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.

KeywordsBlockchain; InsurTech; Smart Contracts; Regulatory Compliance; Digital Transformation
Year2024
ConferenceICSDI 2024: 2nd International Conference on Sustainability: Development and Innovation
PublisherSpringer
Accepted author manuscript
License
File Access Level
Repository staff only
Publication process dates
Accepted06 Jan 2024
Deposited27 Mar 2024
Copyright holder© 2024, The Authors
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https://repository.uel.ac.uk/item/8x7v8

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