Insurance disruption in blockchain kicking off, with AIA, Ping An and now also Metlife joining R3
The R3 blockchain consortium is moving in to the rapidly growing insurtech arena, welcoming MetLife as its first multinational insurance industry member. One of the largest insurers in the world, MetLife will partner with R3 members to explore how blockchain technology can be leveraged in the insurance industry to streamline activities such as new investments management, business processing, policy administration, customer payments and distribution of proceeds. Marty Lippert, EVP and head of MetLife’s Global Technology & Operations organisation, comments: “R3’s work has proven how blockchain technology can disrupt how business is done today. MetLife is proud to be the first multinational insurer and 60th member to join this prestigious group."