Insurance

  • Maersk and Microsoft Tested a Blockchain for...

    When shipping goods from A to B, any number of things can go wrong: cargo gets damaged, a congested port delays docking, a storm throws a vessel off course, pirates raid a ship. So shippers buy insurance through a complex jumble of brokers and underwriters to manage the risk to their freight.

  • Cabot Oil & Gas Corporation (COG) Position...

    Nippon Life Insurance Co. reduced its position in shares of Cabot Oil & Gas Corporation (NYSE:COG) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission.

  • What is a release call?

    Joining a mutual P&I Club means each Member shares in the fortunes of that Club and its membership. The continuity of Club membership, which is typical within the mutual P&I environment, permits longer term investment and planning to be undertaken.

  • North Korea Sanctions Hit Global Cargo Shipping

    Global shipping services providers and ports in the US, Russia, Iran, Syria, and China, for example Dandong and Dalian, have been caught up in the US’s latest offensive on North Korean trade, analysis has found.

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BIG BUSINESS MOVES INTO BLOCKCHAIN: ACORD, EY, MICROSOFT, MAERSK

ACORD Solutions Group, accounting giant EY, technology giant Microsoft and the Maersk, the world’s largest shipping company have combined to launch the world’s first marine insurance blockchain platform. EY said that the distributed ledger will be used to capture information about shipments, risk and liability, and to help firms comply with insurance regulations. It will also ensure transparency across an interconnected network of clients, brokers, insurers and other third parties.

English

Maersk and Microsoft Tested a Blockchain for Shipping Insurance

When shipping goods from A to B, any number of things can go wrong: cargo gets damaged, a congested port delays docking, a storm throws a vessel off course, pirates raid a ship. So shippers buy insurance through a complex jumble of brokers and underwriters to manage the risk to their freight.

English

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