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Blockchain benefits for the insurance industry
Blockchain
Blockchain is here to stay, and the insurance industry can certainly profit from its ready-to-disrupt-the-insurance-market revolutionary approach. Using Blockchain will fasten verifiable data exchanges and ease data reconciliation in a transparent network, visible for all parties involved. All operations gave a single source of truth, which increases data accuracy and leads to efficiency gains, as well as to cost, and fraud reductions. Blockchain technology can significantly improve insurance operations, reducing its resolution time and simplifying [...]
Sailing towards success
Discovery Labs
Closing up 2020 the best way possible, NAU21 entered the Annual Listing of 10 companies that are at the forefront of providing Insurtech consulting/services and impacting the industry in Europe. This distinction was recognised by the Insurance CIO Outlook, as it became familiar with our focus on blockchain technology, machine learning and artificial intelligent. By bringing these innovative technologies to the insurance market, the optimisation of insurance processes is undeniable, favouring automatic negotiations and providing [...]
Exploring leading technologies
Blockchain
NAU21 believes that technology should and does play a major role in improving the lives of the world's population. Focusing this premise on our reality, we have identified two technological areas (Blockchain and Artificial Intelligence) which enhance the simplification and automation of business processes with strong benefits for companies and their clients, when applied in a combined way. As such, NAU21 has studied and investigated the application of Blockchain technology together with INESCTEC, namely in [...]
The arrival of digital network trust
Blockchain
From our point of view, trust is the fundamental key for successful business. However, there is always a risk in digital business as people do not knowing each other personally. According to the Edelman Trust Barometer (2018), the Trust Index suffered a decline in 10 of the 15 business sectors analysed. In addition, the Financial Cost of Fraud Report (Crowe UK, 2019) underlines that fraud losses represent 6,05% of DGP in the United Kingdom, corresponding to £ 3.89 trillion. Globally, [...]
The technology which brings trust to the digital world
Blockchain
The development of innovative IT solutions strengthens the exploration of disruptive business models.  Nau21 is working to become a key player in the discovery of revolutionary solutions applied to financial services. These solutions are mainly targeted for the insurance and reinsurance markets. Technologies such as blockchain and smart contracts end up bringing a myriad of benefits to these markets. All because their digital presence is transparent, accessible and immutable. In the complexed insurance world, these [...]