Fizzy is an automated parametric flight delay insurance platform launched by AXA in 2017. It provides one example of how smart contracts can automate the insurance process. (Graphic: Created by KPMG and provided by this contributor for publication.)
With technology evolving at lightning speed, there are boundless opportunities and challenges to the insurance industry. Every day, trade publications publish stories about how new technologies can help insurance businesses fix this or integrate that. There are so many opportunities; sometimes, it seems easiest to do just enough to get by.
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