Who Should Watch
Anyone interested in learning more about Blockchain.
What is blockchain? Are there many applications in our industry?
Starting in 2017, LIMRA and LOMA have partnered with the RBA Alliance to facilitate the formation of life, annuity, group benefits and retirement industry sectors of the Institutes RBA Alliance to build industry blockchain applications. There is tremendous opportunity for blockchain in these sectors.
With the 2018 launch of the first LIMRA-facilitated sector, US Life & Annuity, we have officially begun engaging our member companies in the Institutes RBA Alliance consortia. The first member-led working group commenced in December 2018 and is now actively designing a blockchain application called the Mortality Monitor aimed at bringing efficiencies to death claim processing.
Other use cases being discussed include intercompany product exchanges, life underwriting, distributor licensing & appointments and commission payment processing.
We are just getting started. Join us to understand what blockchain is and why everyone is talking about it.