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Using blockchain for such purposes policyholders to collect higher premiums from various sources i.
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Blockchain Applications In Supply Chain, Cybersecurity, Voting, Insurance, Real Estate - SimplilearnDevelopments in blockchain technology are making parametric insurance solutions from specialised providers cheaper, faster, and more accessible for social good. By leveraging blockchain technology, the insurance industry can effectively mitigate fraud and minimize risks associated with insurance claims. Initial areas considered for insurance companies include using blockchain to build automation in paying claims. Blockchain has the ability to help automate.
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