Blockchain catastrophe swap platform ready, shows insurtech potential

A catastrophe swap software platform based on the blockchain is ready for use, according to the developer of the technology which featured in the pilot catastrophe swap undertaken between Allianz and Nephila Capital recently, Symbiont.

Symbiont has developed a “smart contracts platform for institutional uses of blockchain technology” one of the first of which was the ground-breaking catastrophe swap transaction between insurance giant Allianz and reinsurance and ILS investment manager Nephila Capital.

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