Microsoft Azure for Industry : Podcast

How blockchain is fundamentally changing insurance

Episode Summary

Learn how blockchain is changing insurance

Episode Notes

Transcript

Insurance is changing quickly these days and undergoing a digital transformation is not easy. Adding blockchain to the mix can change an entire architecture. When used appropriately, however, blockchain can become an indispensable tool for your ledger technology.

In this episode, we discuss the use of blockchain in insurance as well as how it applies to other industries such as banking and capital markets, healthcare and manufacturing.

Specifically, you will learn how companies are using Corda's smart contracts feature to create complex, logic-based, on-block content and events. Listen to how R3, with the open source Corda blockchain, is helping companies get started with blockchain today.

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Ryan Rugg

Ryan is the Global Head of Insurance for R3 and leads the company's Insurance strategy to drive business growth. She is responsible for the strategic design, development, and commercialization across the ecosystem of blockchain innovation within the Insurance Industry.

In 2017, she launched the Center of Excellence for Insurers and Reinsurers in partnership with ACORD which is redefining the foundations of insurance by harnessing the power of collaborative networks, through the deployment of DLT within the financial services industry. 
 
Since then Corda, R3's blockchain platform has been the platform of choice for the insurance industry. Corda integrates and secures the entire stream of disparate data sources, while simultaneously ensuring transparency across an interconnected network of clients, brokers, insurers and other third parties.
 
Prior to R3 Ryan worked for Morgan Stanley and JPMorgan where she gained extensive experience in financial services covering a broad range of institutions including; insurance, hedge funds, banks and asset managers. Ryan started her career in Technology at Lehman Brothers, experiencing first-hand the inefficiencies in the legacy infrastructure which she is now working to solve. She has a double major in Computer Science and Finance.

Nick Leimer

Nick Leimer is the Principal Insurance Industry Lead for Azure. Nick brings 20+ years of experience bridging the business and IT gap in application development, operations, and infrastructure.

Before joining Microsoft, Nick was the Senior Director for Actuarial Compute at Manulife leading the migration of LAN based HPC Farms to the Azure environment for all of Asia; including all desktop Moody’s / GGY Axis users and data feeds.

Prior to Manulife, his career progressed through developing applications for Actuarial Valuation and Projection including components of ArcVal and Prophet, the Defined Benefit area with the Pension Benefit Guarantee Corporation (BPGC), and leading life insurers, AIG and Manulife. 

Follow Nick on LinkedIn  and Twitter.