Listen to an experienced, global panel of insurance professionals present, discuss and answer your questions on the theme of “The Insurance Blockchain". Brought to you by The Digital Insurer and sponsored by KPMG.

1. 1
Why Telematics?
Webinar: Insurance Aggregators In Asia
29th September 2015
Webinar: The Insurance Blockchain

2. Our Panelists

3. Discussion agenda
1
Presentations:
Collin Thompson: Blockchain basics
Steffen Schade: Blockchain – an insurer’s perspective
Connie Leung: Blockchain technology for insurance
David Edwards: Opportunities for Blockchain in Commerical
Line Risks
2 Questions and Answers
3 Snap Poll – share your view

4. Questions & Answers
How to participate:
If you have a question please type into the messaging area
and send to the presenters
Session format:
The moderator will use a combination of his own questions
and those from the audience

5. 5
#InsurTech Dashboard Q2 2016 +
Trending
“20 Blockchain
use cases beyond
Fintech”
“6 Insurance Blockchain
applications to check out”
“Blockchain Wall Street’s
most game-changing tech
since Internet”
“Blockchain redefining
trust for a global digital
economy”
Top 7 Associated Companies
by Impressions
Top 10 Associated Technologies by
Impressions (million)
20.90
13.18
10.66
6.55 6.00
3.89 3.62 3.27 2.63 2.28
Total Impressions – Blockchain and InsurTech 2016
Data generated by BottleNose© based on #InsurTech and #Blockchain hashtags from Sep 2016 - Analysis by KPMG
“Blockchain:
What's in it for
Insurance?”

6. Collin Thompson@ Intrepid Ventures:
Blockchain basics

7. A blockchain network is a decentralized system for the exchange of assets. It uses a shared
ledger (that is either public or private) for recording the history of electronic business
transactions that take place in a peer-to-peer (P2P) business network.
A Simple way to think of the Blockchain
Technical Business Legal
A back-end database that
maintains an open distributed
ledger.
A transaction validation
mechanism that does not require
the assistance of an intermediary
An exchange network for
moving value in between peers

8. P2P insurance Ownership titles
Insurance built for the future
By understanding key blockchain terms, you can appreciate how this dramatically disruptive
technology works and how it can be applied to productive use in many industries.

9. Steffen Schade:
Blockchain – an insurer’s perspective

10. LEARNING AND DISCOVERY
We don’t know what’s going to succeed.
What we’re certain of is that we are going to
see blockchain solutions and peer-to-peer
solutions emerging in the financial industry
and we want to be close to that development.

11. APPLICATIONS WITH HIGH POTENTIAL
§ Onboarding with KYC, AML
§ Insurance Claims
§ Digital Will
§ Smart Contract Policy
§ Treasury efficiency

12. EXAMPLE ONBOARDING
KYC AND AML
§ usually doesn't create great
customer experience
§ is however one of the first
moments of truth in onboarding
§ can delay transactions
significantly
§ creates substantial duplication
of efforts between firms
§ entails regulatory issues if not
done diligently
IMAGINE:
Step 1: customer hands over the digital key
Step 2: within minutes a complete, verified
KYC and AML record is available;
– no lengthy explanation
– no filling in forms
– no data entry
– no collection of documents
DONE.
COSTS DOWN TO A FRACTION

13. APPROACH
§ The competitive edge lies in the collaboration
with other financial institutes, in the progress
as a community
§ AIA joined the R3CEV consortium,
a platform for collaboration
§ Internal Edge team to drive the first initiatives
§ Broaden understanding, know-how and
subsequently confidence in this emerging
technology

14. Connie Leung @ Microsoft
Blockchain technology for insurance

15. Industry challenges : digital transformation
BETTER RISKS PRICING
AGILE PRODUCTS
DEVELOPMENT
GAIN CUSTOMER INSIGHTS
CONSISTENT EXPERIENCE
ACROSS CHANNELS
ANTICIPATE NEEDS
REDUCE CHURN
DRIVE PREMIUM, RENEWALS,
GROWTH
MAKE IT EASY TO DO BUSINESS
DIGITAL WORKSTYLE VS. A
WORKPLACE
Automated
Underwriting
Blockchain use cases
Digital
Authentication
Fraud
Self
Administered
Insurance
Asset
Management
Automated
Claims

16. Right Now 2H - 2016
Blockchain
Dev Test Labs
Blockchain Category in Azure
Marketplace
Azure Blockchain
Services
BaaS
Artifacts
Future
Microsoft Blockchain as a Service (BaaS)
eco-systems with growing partners
ALGORYTHMI

17. Blockchain
Tools
ISVs &
Customers
Blockchain
Marketplac
e
HealthcareRetail &
CPG
Public
Sector
ManufacturingFinancial
Services
Media
Distributed Ledger Stacks
Azure
SaaS Solutions
3rd
Party
3rd
Party
3rd
Party
3rd
Party
3rd Party
DL stack
Consensus,
networking &
database
1st Party 3rd
Party
Virtual Machine Adapters
Smart Contract-based
UTXO-based or
other
Middleware TierBase Platform Tier
3rd Party
DL stack
3rd Party
DL stack
….
.
Industry Solutions Blockchain Resource
Provider
CryptoDelegate and Cryptlet architecture (secure containers, attestation, etc.)
SmartContract Marketplace
Crypto-
Services
ML & BI
Services
Blockchain
Gateway
Services
Identity &
Key
Services
Enterprises’ challenges | Microsoft BaaS- Bletchley
Cryptlets – Secure Distributed Middleware

18. David Edwards:
Opportunities for Blockchain in Commercial Line
Risks

19. Permissioned Blockchain Application
Smart
Contracts
Digital
Risk Data
Documents
Placement Claims Accounting Settlement Reporting
Commercial Risks
Brokers Reinsurance
Brokers
Insurers
Digital
Risk Data
Reinsurers
Members own their
data (locally)
Insurance Blockchain Members
Digital
Risk Data
Smart
Contracts
All data and processes are digitally
sealed and timestamped on the
Blockchain for reference
Reference Reference
Business Processes

20. Summary Of Key Features
• The technology matches the peer-2-peer business model of
a commercial insurance market.
• All parities involved in a risk have a common source/version
of the truth. A common view of the state.
• All transactions are digitally signed and are immutable. A
complete audit history.
• All parties hold a local copy of the data in a consumable
format which improves the quality of data and removes the
need for manually re-keying of data into other systems.
• The agreed rules in the smart contracts enhance the
process between parties and reduce operational costs.
• Removes need for paper based signatures (emailing
documents, printing & scanning), replaced with digital
signatures.
Placement
Claims
Accounting
Settlement
Reporting
• An open global market place
• Support global programmes
• Straight through processing
• Reduce manual intervention
• Real time view of position
• Eliminate unreconciled cash
• Reduce payment cycles
• Net Settlement
• Regulations e.g. Solvency II
• Sanction compliance
Decentralised
Example Opportunities

21. Snap Poll3
21
Q . Which of the following use cases for Blockchain do you
find most compelling
How to participate:
Just respond to the question when it appears on your
screen

22. Bringing our community in Asia together for an
innovative conference on digital insurance in 2016
Location: Hong Kong
Date: 23rd November 2016
http:asia2016.the-digital-insurer.com
Digital Insurance Conference in Asia

23. Post webinar activities
Recording will be emailed to registered participants
Next Webinar will on 2nd November on Data & Analytics
Please give us your feedback
If you would like to follow up with any of the panelists
- Simon Phipps: simon.phipps@kpmg.com
- Collin Thompson: collin@intrepid.ventures
- Steffen Schade: steffen.schade@aia.com
- Connie Leung: connie.leung@microsoft.com
- David Edwards: david@chainthat.com
- Hugh Terry: hugh.terry@the-digital-insurer.com