CPC Technologies have built blockchain solutions for leading financial services companies, focusing on distributed-ledger technologies, thought leadership and patents, co-innovation of proofs of concept, and the creation of partner ecosystems within and outside the insurance industry.
Even in this digital age, the vast majority of insurance policies and claims are still handled manually, and systems continue to have human touchpoints. While these manual processes are mostly functional, there is always the risk of human error, data tampering, or misinterpretation. The integration of blockchain technology can benefit insurers and other businesses in terms of process, efficiency, risk management, and improved customer engagement. The global insurance market is fiercely competitive. Customers, both retail and corporate, expect high-value product offerings at reasonable prices, as well as prompt product distribution and claims processing.
The emergence, sophistication, and acceptance of blockchain technology by CPC Technology solutions enables insurers to benefit from more efficient workflows, cost savings, greater transparency, faster claims processes, and a reduction in fraud.