Damco Insurance Industry Offerings
Blockchain-Powered Life Settlement
for Fairer, Faster Transactions
Life Settlement companies face a range of derivative challenges like customer verification, investment frauds, high operational costs, unauthorized contract underwriting, and policy management that disrupt the execution of the life settlement process. Adoption of Blockchain-based life settlement solution not only addresses the afore-mentioned concerns but also expedites the life settlement process by automating and streamlining sub-functions adding transparency, traceability, auditability, and security.
Damco’s B-Life is an all-round Blockchain-powered solution that facilitates the most trusted, immutable, auditable, and transparent environment for a frictionless life settlement. Leveraging decentralized, distributed ledger technology (DLT), B-Life helps insurance companies detect fraudulent claims, streamline diverse life settlement functions, reduce operative costs, and ensure transparency in settlement process by eliminating intermediaries.
Our B-Life solution helps you leverage Blockchain technology to enhance transparency, auditability, and traceability of your life settlement process.
User-friendly, highly interactive dashboard for a quick snapshot of policy sale, purchase, management, and verification with ease of access from anywhere anytime
Intuitive reward system offering crypto tokens to the customer promoting customer loyalty and engagement contributing to optimized opportunities
Feature rich platform enabling elevated customer experience, risk-free life settlement, secure payment disbursement, instant fraud detection, and custom LE reports
Blockchain-Based Escrows System
Decentralized and DLT based escrows system ensuring secure and authorized Blockchain-based fair exchange system for risk-free litigation
Automated customer verification with DLT (Distributed Ledger Technology) for faster life settlement transactions eradicating insurance/ investment frauds and lowered operative costs
Powered by Smart Contracts
Smart Contracts-backed cryptographic record management, risk assessment, and automated value transfer without third party intervention eliminating contract manipulation chances
Developed an auditable system to manage life settlement policies securely on Blockchain enhancing efficiency in updating, issuing and verification
Implemented Blockchain Smart Contracts for signing immutable contracts online avoiding delay in the process
Delivered highly secure and traceable payment transfer system on the Blockchain fastening the transaction execution
Designed and deployed Blockchain-based solution for effective assessment of the risks associated with life settlement application
Empowered a leading life settlement company with foolproof Blockchain-backed KYC of the customers
Implemented transparent and authorized Blockchain-based Escrows system to regulate policy sale, purchase and payments
The B-Life Advantage
Simplifying Life Settlement with Blockchain Power
Instant Fraud Detection
Blockchain-powered customers’ KYC & redressal of life expectancy risks associated with fraud LE reports
Auditable Payment Disbursement
Enhanced security & traceability in payment transfers for risk-free, expedited claim settlement
Authorized Escrows System
Transparent & immutable LE medical underwriting promoting risk-free litigation and intermediaries’ elimination
Seamless policy updation & issuance, transaction tracking, and customizable LE reports
Compliance-Centric Data Protection
Decentralized, tamper-proof customer data management adhering to regulatory compliance
Faster Life Settlement
Quick and secure life settlement without the involvement of any intermediaries
A Definitive Guide To Insurance CRM Software
Imperatives For The Insurance Industry For New Horizon Download
Unlock the ROI of your CRM
Learn how next-gen CRM can help Insurers personalize the buyer lifecycle for improved conversion Download
Dedicated Practice to deliver services and solutions for Insurance businesses.
1100+ person years of experience in delivering Insurance technology services.
100+ Insurance projects delivered globally, 60+ Insurance Customers.
30+ installations of InsureEdge – a complete technology platform.
Strong experience in multiple lines of business covering Life, Health & General Insurance.
Strong Technology Expertise on Microsoft, Open Source, Oracle, Salesforce, IBM, Cloud & Mobility.
Capabilities in cutting-edge technologies – IoT, AI, Machine Learning.
Global Presence with resource availability in USA, UK, Luxembourg, Australia & Caribbean islands.