Who’s using what in P&C insurance: July 9, 2018

“By creating a model that recognizes and rewards smarter choices, we’re helping our customers’ wallets while inspiring a better world,” Steve Harris, vice president at HiRoad Assurance Company, said in a press release about selecting the EIS core platform to help enable the company’s “new smartphone-centric approach to insurance.” (Photo: iStock)

The Institutes RiskBlock™ Alliance, a blockchain consortium for the risk management and insurance industry, announced today that Accenture will serve as the lead framework architect responsible for building a production-grade platform to develop and implement blockchain and distributed-ledger use cases. The platform will enable the RiskBlock Alliance to implement and test multiple use cases by the end of 2018. “Accenture has established itself as a leader in developing practical blockchain solutions across a number of industries,” Christopher G. McDaniel, president of The Institutes RiskBlock Alliance, said in a press release. “Partnering with Accenture to develop real-world blockchain applications will lead to better insurance solutions and chart a clear course for effectively implementing blockchain technology throughout the insurance industry.”

Minnesota-based Citizens Alliance Bank has selected Computer Services, Inc., a provider of end-to-end financial technology solutions, as its new core and digital banking technology vendor. Bank executives said three priorities drove the decision: Enhanced core processing infrastructure; finding a fully integrated solution; and both companies share a customer-centric focus.