Life settlement companies face a range of challenges like customer verification, investment frauds, high operational costs, unauthorized contract underwriting, and policy management that disrupt the seamless execution of the life settlement process. Adoption of blockchain-based life settlement solution not only addresses the aforementioned 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 a blockchain-powered solution that facilitates the most trusted, immutable, auditable, and transparent environment for a frictionless life settlement while bringing all parties on board. Leveraging decentralized, distributed ledger technology (DLT), B-Life helps insurance companies detect fraudulent claims, streamline diverse life settlement functions, reduce operational costs, and ensure transparency in the settlement process by eliminating intermediaries.
Damco’s B-Life solution helps you leverage blockchain technology to enhance transparency, auditability, and traceability of your life settlement process.
User-friendly, interactive, and easily accessible dashboard gives quick snapshots of policy sale, purchase, management, and verification.
Intuitive reward system offers crypto tokens to customers, promoting customer loyalty and creating engagement opportunities.
Feature-rich platform enables elevated customer experience, risk-free life settlement, secure payment disbursement, instant fraud detection, and custom LE reports.
Decentralized and DLT based escrow ensures a secure and authorized exchange system for risk-free litigation.
Automate customer verification with DLT for faster life settlement transactions, zero insurance/investment frauds, and reduced operational costs.
Smart contracts-backed cryptographic record management, risk assessment, and automated value transfer without third-party intervention eliminate the possibility of manipulation.
Damco’s B-Life solution helps you leverage Blockchain technology to enhance transparency, auditability, and traceability of your life settlement process with the following features:
Get an auditable system to manage life settlement policies securely on blockchain to improve update, issue, and verification efficiency.
Leverage blockchain-based smart contracts to sign immutable contracts online and minimize delays.
Unlock a highly secure and traceable payment transfer system on blockchain, expediting transaction execution.
Deploy a blockchain-based solution for effective assessment of the risks associated with life settlement application.
Empower your life settlement company with foolproof, blockchain-backed customer KYC.
Implement a transparent, blockchain-based Escrow system to regulate policy sale, purchase, and payments.
Instant Fraud Detection
Blockchain-powered customer KYC and redressal of life expectancy risks associated with fraud LE reports.
Auditable Payment Disbursement
Enhanced security and traceability in payment transfers for a risk-free, expedited claim settlement.
Authorized Escrow System
Transparent & immutable LE medical underwriting promotes risk-free litigation and abolishes intermediaries.
Seamless policy updation & issuance, transaction tracking, and customizable LE reports.
Compliant Data Protection
Decentralized, tamper-proof customer data management compliant with regulatory norms.
Faster Life Settlement
Quick and secure life settlement that eliminates intermediaries.