Vottun can help you to optimize the certification processes that your company is doing for Underwriting. The department that is responsible for verifying the authenticity of the claim, and decides on how much percentage of the claim can be covered is always in need of a trustworthy repository of data.
Vottun with smart contracts technology can help automate this processes reducing possibility of fraud and human errors.
Using Vottun protocol to access blockchain, underwriters can source data from external sources to automate some aspects of underwriting, since the data in the blockchain is trustable and is from a verified source.
Vottun could be your partner on improving your claims processing methods. Looking to have a direct impact on customer, the submitting of a claims and getting it approved is a tedious process. The processing can take quite a while, considering the number of data points to verify and also the amount of manual effort required.
Blockchain can establish trust by taking inputs from a variety of sources without the risk of tampering of the stored information. Insurers can use the data available in the blockchain to certify and verify the usage of an asset. Certification in order to speed claims processing up is one major area where insurers can take advantage of blockchain for the insurance industry.