Reinsurance Technical Accounting Blockchain
Curated by SignalBlockchain solution automating accounting for insurers and reinsurers.
Overview
RitaBlock, or Reinsurance Technical Accounting Blockchain, is a blockchain-based platform aimed at automating and streamlining the accounting processes between primary insurers and reinsurers. The platform seeks to address inefficiencies and manual efforts that are common in the insurance industry's billing process, which can result in delays and inaccuracies. RitaBlock facilitates instant data transfer and mapping, which may enhance data quality and reduce operational costs. The intended users of this platform are primary insurers and reinsurers looking to improve their accounting efficiency. The solution aims to standardize processes and reduce the workload for both parties, potentially expediting operations within the insurance sector.
Key facts
- Founded
- 2019
- Headquarters
- Bonningstedt, Germany
- Stage
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- Industry
- Financial Technology
- Sector
- Decentralized Finance
Contact
- Primary office
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- Phone
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