The ledgertech solution

Our unique solution architecture combines the technology components needed to enable both B2B and B2C collaboration safely and securely.

ledgertech high level solution architecture

 

Private cloud “big data” platform combines information sources (traditional, social media, market etc) to enable secure data storage and advanced/predictive analytics to support core P&C, health and life insurance processes and customer/policy life cycle.

 

Customer interface via digital app enable product selection and comparison, applications process, claims handling and all notifications from traditional insurance channel plus service providers and other “trusted parties”.

Smart Contracts are used to enable efficient and low cost automated underwriting and claim handling.

 

Blockchain enabled ledger technology support creation, storage and consensus on core pieces of information relevant to “trusted nodes” on the blockchain.
Only transaction relevant data is stored and customer identifying or confidential data is masked depending on access rights and regulatory constraints.

 

Core enabling
technology stack

  • Customer Interface Web/Mobile digital app; enables product selection and comparison, application processing, claims handling and all notifications not only from the insurer but also service providers and other trusted parties.
  • Blockchain Ledger Hyperledger Fabric 1.2; supports creation, storage and consensus on core pieces of information relevant to "trusted nodes" (stakeholders) on the blockchain. Only transaction relevant data is stored and customer identifying or confidential data is masked depending on access rights and regulatory constraints;
  • Smart Contracts JavaScript; enable efficient and low cost automated underwriting and claims handling.
  • Cloud / Big Data Technology independent; the ledgertech solution integrates the chosen cloud and data solutions to store/extract relevant multi-source information and cloud enable smart contracts and predictive analytics.
  • Enterprise Systems Integration RESTful API's; enable plus and play connection of the ledgertech solution to existing, core insurance systems.