DLT use cases
Many use cases ideas have been proposed for DLT, and some
experiments and feasibility studies have been carried out. With
regards to the use case proposals for the insurance space, whilst
not an exhaustive list, some of the key areas likely to incorporate
a DLT-based approach are insurance claims management; proof of
insurance; management of policies for multinational clients;
post-trade settlements; insurance placement and contract lifecycle;
KYC and AML compliance; and policy tracking. It is clear that the
number of areas affected by the technological developments in the
insurance sector is vast, and given the nascent technology
underpinning DLT, it is likely that many more use cases will be
suggested over the coming months and years.
