Gamma Iota Sigma
Week 3!
We hope you had a great weekend! A big thank you to everyone who attended our first chapter meeting last week. While there are no events this week, we'll be reaching out soon to schedule coffee chats—so keep an eye on your messages!
Best,
Gamma
Article of the Week
Crypto’s Role in Insurance
In 2023, blockchain technology and cryptocurrency are emerging as potential tools for improving efficiency and reducing fraud in the insurance industry. Blockchain's decentralized ledger offers transparency, making it easier to detect fraudulent claims and enhance trust in business transactions. Smart contracts can streamline underwriting processes by automating tasks like policy approvals and premium calculations. While the volatility of cryptocurrency limits its use as a general fund investment, some insurers are exploring it through insurance dedicated funds (IDFs). As blockchain continues to develop, insurers must stay informed to remain competitive in this evolving landscape
You can find the full articles here
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