Allianz Insurance to Implement Blockchain Tech for Its CAT Bonds
Allianz, the German insurance major has implemented blockchain technology to cater to the CAT Bonds market. Adoption of Blockchain technology in the Insurance sector has grown beyond the United Kingdom. The decentralized ledger technology, which acts as the backbone of the Bitcoin network will soon be adopted by the German Insurance major, Allianz (ETR:ALV). Allianz, headquartered in Munich, Germany has announced the new development in its latest statement released to the press yesterday. The company will be initially implementing the blockchain technology for trades involving ‘CAT Bonds’....
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