Allianz, Nephila Achieve Successful Pilot of Blockchain Tech for Cat Swap

Allianz Risk Transfer AG (ART), a subsidiary of Allianz Group, has announced the successful pilot of a blockchain smart contract technology for transacting natural catastrophe swaps, also known as “cat” swaps.

The pilot was conducted in collaboration with Nephila Capital and aimed at assessing smart contract technology for use for the triggering process of cat swaps and bonds.

Cat swaps and bonds are financial instruments that transfer a particular set of risks from an insurer to investors or to other insurers.

READ MORE AT CHAIN-FINANCE.COM

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