Collaborationvs.competitionUnlockingthepowerofblockchainininsuranceTheglobalrisingtrendofdigitalizationandthesharingeconomyhaveprogressivelyputtheheatoninsurerstorethinktheirbusinessstrategybyleveragingmoredisruptivetechnologies,collaborationsacrosstheeco-systemandmoreinnovativepartnershipmodels.AcrossAsia,andparticularlyinChinaandHongKong,theinsuranceindustryisexperiencinganunprecedenteddegreeofchange.Insurerswhocanembraceemergingtechnology,suchasblockchain,toenhancetheircompanyefficiencyanddevelopnewwaysofdoingbusinessforbettersynergyandvaluemaximization-whilestayingontopofallthecompliancerequirements-couldbethefuturewinners.InsightsDecember2017Collaborationvs.competitionUnlockingthepowerofblockchainininsurance2Blockchain,thetechnologyunderlyingthecryptocurrencybitcoin,isadistributedledgerwheremultipleparties