Fitch Ratings views blockchain as a potential game-changing technology for the insurance industry over the long term. Benefits could range from significantly reduced operating costs, more accurate customer-specific data, and better risk pricing and improved efficiencies. However, the technology remains unproven, and greater clarity around its advantages and risks will be revealed over the next three to five years. As such, blockchain is not expected to affect insurer ratings in the short to intermediate term.

Fitch Ratings will host a teleconference to discuss the recently published report ‘Blockchain and Insurance —The Trust Machine’

The call will be hosted by Fitch analysts Jim Auden, Gerry Glombicki and Chris Grimes.

A question and answer session will follow. Questions can also be emailed in advance to danielle.riles@fitchratings.com.