By partnering with Schroders on this initiative on blockchain technology in reinsurance, Hannover Re is paving the way to a broadening of ILS solutions. This will provide us with the necessary insights and expertise to effectively navigate and seize future retrocession opportunities. #HannoverRe #Schroders
Schroders Capital has launched an innovative tokenisation pilot designed to evolve the way insurance-linked securities (ILS) investments are invested and managed. The initiative with Hannover Re, which has been tested by Schroders on an internal-only basis, has successfully enabled reinsurance contracts to be tokenised and traded on a public blockchain using smart contracts. Each token represents a share in a portfolio of reinsurance contracts, demonstrating how ILS funds may invest via a digital eco-system in the future. Tokenising these contracts allowed many time-consuming processes to be automated, creating greater efficiency and enhancing transparency of transactions, improving the client experience. Find out more: https://okt.to/EMytfj The pilot further builds on our commitment to innovation, following joining the Monetary Authority of Singapore (MAS)'s Project Guardian, participating in the first ever GBP Digital Bond issued by the European Investment Bank and last week launching an AI-based investment analyst platform for our Private Equity team. #digitalassets #tokenisation #blockchain #dlt #innovation #ai #reinsurance #ILS
Member of the Executive Board at Hannover Re
3dThis partnership reflects our commitment to innovation. The insights and expertise we are gaining are pivotal in navigating future retrocession opportunities. Congratulations to the entire team for their dedication and exceptional work!