Pictured at the launch of the II-MIT Partnership were Ajay Pathak, Insurance Ireland, Jonathan Ruane, MIT and Declan O Rourke AIG and II-MIT Research Strategic Alliance Partnership CEO Champion

Insurance Ireland are very pleased to announce that MIT are our new Strategic Alliance Partner in the area of Research.

Blockchain is a cutting-edge technology that allows access to secure, decentralised transactions and provides an improved basis for non-repudiation, governance, fraud prevention, financial data and reporting. It is being looked at across financial services to assess its ability to deliver faster, safer transactions and information sharing. 

Under this partnership, MIT will work with Insurance Ireland members to explore and progress innovative solutions for the industry. Initially, MIT will be undertaking a scoping exercise to identify Blockchain applications and assess our industry’s needs and requirements. This initiative is commencing with the establishment of an industry working group which will be followed by a work plan.

Given the potential of this technology, we are very pleased to be partnering with an organisation of MIT’s calibre.

Kevin Thompson
CEO Insurance Ireland