Abizer Rangwala

Most carriers are still glued to their core activities. Uncertainty and danger often paralyze people. The fear of encountering something even more threatening can stop people from taking any action. It’s the same with companies. Industries around the world are having to confront the possible effects of digital disruption. While some bold organizations are rising to the challenge, many others are holding fast. At best, they’re waiting to better see how to respond.

Workplace injuries cost companies and their workers’ compensation insurers billions of dollars each year—the US Occupational Safety and Health Administration estimates the annual direct and indirect costs of lift-related injuries alone top $56 billion. In this series of blog posts, I’ll explore how a new generation of industrial wearables and analytics tools promises to change this picture for the better.

As insurers join increasingly complex ecosystems, many will look to blockchain to develop frictionless relationships with their ecosystem partners. As an immutable ledger with the capability to automate transactions between organizations and customers, blockchain can act as a trust surrogate to traditional partnerships. Accenture's Technology Vision for Insurance 2018 report shows 38 percent of insurers work with double or more partners than they did two years ago.