The company was founded in 2016 with a strong belief that blockchain can provide the global insurance industry with a fundamental shift in how insurance is transacted and processed.
The starting point for the Blocksure team was to create a PoC to materialise the vision of how insurance can benefit from the application of blockchain technology. There are many desirable attributes provided by distributed ledger technology; Blocksure’s initial focus was the removal of the bordereau process.
After two years of development and testing, Blocksure went live with the first British blockchain platform for mainstream insurance with an insurer and broker. The first product is underwritten by insurance group Covéa Insurance and in partnership with broker Commercial and General.