Insurance Industry Grapples with Bitcoin's Past and Potential

Insurance Industry Grapples with Bitcoin's Past and Potential

As the world becomes more digital and virtual by the hour, some of the oldest professional industries struggle to keep up with the state of technology in today's world. Insurance providers have always had to have a personal touch, but as computers continue to take over consumer use more and more, they need to adapt to the changes in the market. How people pay is also changing, for people and businesses, with Bitcoin digital currency. This was a key topic of discussion at the Risk and Insurance Management Society (RIMS) 2015 Conference in New Orleans last week. Insurance Industry sees The....


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Quotes

Swift could someday send transactions in bitcoin as a currency if banks offer accounts in bitcoin.

Gottfried Leibbrandt, CEO of SWIFT