Tag: Risk Transfer

Allianz Risk Transfer Successfully Tests Blockchain Technology for Catastrophe Swap

Allianz Risk Transfer AG (ART) and Nephila Capital Limited have successfully completed several tests using the blockchain technology to transact a natural catastrophe swap. In finance, a catastrophe swap is an instrument traded in the over-the-counter market which allows insurers to prevent potential losses developed from natural disasters by reinsuring against catastrophic events that often occur with high severity. During the settlement process of a catastrophe swap, an insurer establishes …
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