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Production Architecture for Parametric, Claims, and Reinsurance — Enterprise Blockchain for Insurance — Production Architecture for Parametric, Claims, and Reinsurance
Insurance blockchain is not theoretical — AXA, Lemonade, and Etherisc have deployed live parametric products. The Blockchain Insurance Industry Initiative (B3i) ran a reinsurance consortium. Here is the production architecture. PARAMETRIC PRODUCT ARCHITECTURE 1. Policy Issuance: Insured purchases policy → smart contrac...
MULTI-INSURER FRAUD DETECTION CONSORTIUM Architecture: Hyperledger Fabric permissioned network Participants: 5–10 P&C insurers Data shared: Claim hashes (not claim details — privacy preserved) Process: 1. Insurer A receives claim → hash claim data 2. Submit hash to consortium network 3. Network checks: has identical cl...
AUTOMATED REINSURANCE SETTLEMENT Traditional process: Month end → Cedant aggregates all ceded claims → Sends loss bordereau to reinsurer Reinsurer reviews → Disputes some claims → Back-and-forth resolution Average settlement: 45-60 days after month end Blockchain process: Per-claim → Cedant records claim event on share...
Common integrations: The Graph, Alchemy/Infura, OpenZeppelin Defender, and popular wallet providers.
Clarify requirements, compliance needs, architecture risks, and launch goals.
Implement core contracts, integrations, product flows, tests, and deployment automation.
Run QA, prepare audit handoff, deploy infrastructure, and support production rollout.
B3i launched in 2016 as a consortium of major reinsurers (Swiss Re, Munich Re, Zurich Insurance). They built a working reinsurance settlement platform. B3i shut down in 2022 — not because the technology failed, but because commercial adoption was too slow to sustain operations. The technical lessons are valid; the timing and adoption strategy were the challenges.
Schedule a discovery call and receive a tailored scope and estimate. No commitment required.