Banking Frontiers hosted a panel discussion wherein the panelists discussed current claims challenges, how they addressed them, how they outperformed their industry peers, and how blockchain can help resolve these issues. They also spoke about the major technologies in which they have invested, their experiences, user journeys, and how they offer blockchain integration to insurers. The discussion also shed light on how the NDHM, the Personal Data Protection Act, and other industry-wide developments would affect claims processing in the fiscal year 2022-23, as well as the advantages and disadvantages of blockchain technology in the insurance sector.
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