avotech Ledgerball (Distributed Ledger Technology)
Built for enterprises, insurers and intermediaries
Traditional reinsurance practices are costly to operate, with inefficient processes, "grey areas", and limited oversight
Inefficiencies in reinsurance transaction
A multitude of parties are needed to execute certain reinsurance tasks; the insurance process remains far from transparent, coordinated or secure. Every new party engaged in a particular insurance transaction, adds a compounding set of work and potential for fraud, cyber attack, lost data, misinterpretation and human error.
Legacy systems have perpetuated a closed-off insurance
information environment with data silos and resulting
operational inefficiencies, such as lengthy processing times.
Efficiency I Data I Risk
A Reinsurance and DLT solution that enables insurers and intermediaries to reinsure with unparalleled speed, breadth, security and accuracy.
One technology platform: Harmonise and place reinsurance treaty agreements all in a single SaaS solution
Fits with existing workflows: avotech's Platform highly flexible and designed to co-exsist with your existing workflow
Smart automation: avotech's smart contracts allows the automation of different processes, creating efficiencies
Built for insurance professionals: Easy to use and fast to learn for the people who can benefit the most