IBM, MetLife, and Majesco developed cloud-based insurance platform that enables insurers to create new products, as well as improve underwriting and benefits delivery processes

Briefing

October 15, 2017

Briefing	Cloud Insurance Platform – IBM collaborating with insurance firm MetLife and insurance software developer Majesco to develop insurance platform based on cloud Benefits – Enables insurers to innovate on new products and improve processes in underwriting and benefits delivery, while reducing IT infrastructure and maintenance costs Future Blockchain Integration – Could integrate with blockchain networks in future to provide secure permissioned transactions, as well as option to incorporate regulatory compliance data and third-party software
Accelerator	Cloud-Based Services, Web3 Ecosystems, Tokens and Consensus Mechanisms
Market Disruption	Innovation Partnerships
Business Model and Practices Business Model and Practices	Innovative Partnerships
Sector	Financial Services, Information Technology
Organization	International Business Machines Corp., Majesco, Metropolitan Life Insurance Company
Source	"IBM introduces industry platform designed specifically for insurers," IBM, https://www.ibm.com/; Terekhova, M., "IBM and MetLife launch an insurance platform", Business Insider, http://www.businessinsider.com/; AcceleratingBiz analysis
Original Publication Date	October 11, 2017

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