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Shanghai Insurance Exchange Issues Blockchain-based Data Standards for Reinsurance Operations

December 14, 2021
Source: chinabankingnews.com chinabankingnews.com
News Snapshot:
The Shanghai Insurance Exchange (SHIE) has issued a new set of standards for the digitisation of the reinsurance sector. SHIE recently released the “Digitised Reinsurance Registration and Settlement Platform Data Standards (Property Insurance)” (??????????????????????), in a bid to provide data standards for blockchain-based reinsurance applications. The standards are reportedly the first of their type in the world for blockchain-based reinsurance data exchanges. SHIE hopes that the release of the standards will facilitate the effective and comprehensive integration of organisations into digitised reinsurance registration and settlement platforms, as well as help to increase the efficiency of transactions between reinsurance companies, strengthen...
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