Blockchain&B3iSwissReInstitute– ClientSymposiumNovember2017

ExpertSpeaker:KameshRaghavendraSwissReFacilitator:JayneOlsen

• TheCaseforChange

• BlockchainExplained

• BlockchainDemo

• IndustryCollaborationB3i

Agenda

2

TheCaseforChange…

4

• Largeportionofnon-insurednatcat risks

• Highoperationalcostsamonginsurers

• Inefficienttransactionalmodel

• Cybervulnerability

• Lackoftrustamongindustryparties

4

SignificantProtectionGapAcrosstheregionsandbusinesslines

5

• Customerswantanefficientidentificationprocess

• Increasein“value”forpremium

• Efficientclaimprocessing

• Moderntransactionalchannels

• Personalizationbasedondata

5

TheEraofthe“Customer”Needsandbehaviors havechanged

HighCostofTransactingInefficiencyVulnerabilityImprovetrust

Blockchainofferssolutionswhichcouldsolvechronicindustryproblems

• https://www.youtube.com/watch?v=0vSga0zZW8g

<embedvideo>

BlockchainSimplyVideo:DonTapscottTapscott GroupCEOPublishedby:McKinsey&Company

8

Traditionalledger Sharedledger

Reporting

Reconciliation

Reporting

Reconciliation

$$

Sharedledger

DataInput

AutomaticValidation

AutomaticValidation

AutomaticValidation

AutomaticValidation

AutomaticValidation

AutomaticValidation

ReportingReporting

Reporting

Blockchainshiftstowardsanewledgerset-up

Manyusecasesintheinsuranceindustryareunderexploration

Subrogation Parametric Smartcontractstosettleclaims

Insuranceforconcealeditems

Risktransfermarketplace Micro-insurance

BlockchainExplained…Buildingtheautonomousenterprisesofthefuture

11

11

WhatisBlockchain?

Technology?LikeLTE,Hadoop?

Solution?LikeMobility?BigData?

Transformation?LikePeriphery-less,Data-drivenBizOps?

WhatisBlockchain?Technology?Yes, a shared system of record that delivers almost binding consensus across all counterparties in multilateral transactions across organizational boundaries. Rules of consensus can be programmed through apps called Smart-contracts. #Cryptography #DistributedSystems #SecureMultipartyCompute #ZKPs #Privacy

Solution?Yes, autonomous enforcement & digital management of terms of engagement between counterparties transacting in business processes.#SmartContract #Trade #Title #Provenance #Audit #Compliance

Transformation?Yes, final leap to autonomous enterprise with end-to-end business process assurance from today’s service agility and assurance.#Trade #Title #Provenance #Audit #Compliance

SharedLedgerRecordoftransactionstraceablebacktosetup

ContinuousNotarizationDigitalnotarizationoftransactionsfromcounterparties&notariessecuredwithCryptography

Consensus(ContinuousVerification)Businessnetworkcomprisingofcounterparties&notariesenforcingverificationoftransactions.

SmartContractsBusinessrulesembeddedasprocessdesignsenforcingmultilateraladherenceacrossthesharedledgerandconsensus.

Whatisblockchainunderthehood?

Procedural Intelligent Agile Autonomous

BPMS

BusinessIntelligence

Big Data

ArtificialIntelligence

ProcessRobots

SaaS/Cloud

ServiceComposition

Blockchain

SmartContracts

Autonomous§Product lifecycles§Service lifecycles§Customer lifecycles§Business intermediation§Entitlement management§Risk management§Finance & accounting§Audit & compliance

Frontieraheadintheevolutionofenterprises

$0

$500

$1,000

$1,500

$2,000

CY12

CY13

CY14

CY15

CY16

YTD17

Millions

Source:CoinDesk

US$1.8bntillAug2017

Blockchain techventurecapitalinvestments

Harnessingthepromiseofblockchain

Insurance

BlockchainEcosystem

Cryptocurrencies ICOsDecentralized Apps Enterprise

* Not comprehensive

Blockchains asyouhaveheardaboutthem…

BlockchainDemo

BlockchainDemo

• b3i_demo_codex1_20171012.mp4

IndustryCollaboration:B3i

21

RapidGrowthExpandedmembershipjointlyundertakingmarkettestingofprototype

MarketTestingParticipants

B3iMembers

• https://www.youtube.com/watch?v=RSt2gA85p1s

SWISSREINTERNALUSEONLY- CONFIDENTIAL

AboutB3i:PaulMeeusenPublishedby:SwissRe

üEngageactivelyinblockchain-drivenbusinesstransformationacrosstheenterpriseüEngagewiththeblockchain-drivenrisktransferinnovationsledbyindustrythoughtleadersandB3ioverall

üCo-innovatewiththoughtleaderstobuildthefutureofenterpriseriskmanagement

Engage!Enrich!Energize!

• https://www.youtube.com/watch?v=lskpNmUl8yQ

Feelingsceptical?

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