An insurance claim settlement method and system based on block chain intelligent contract technology

Abstract

The invention discloses an insurance claim settlement method and a system based on block chain intelligent contract technology. The insurance application system is established on a block chain network, and an insurance company, an insurant and a third party mechanism associated with each link on the insurance chain are configured as a block chain node. When the policyholder purchases insurance, the insurance agreement is generated in the form of intelligent contract, and the intelligent contract is broadcast to the block chain network, and the information is shared with other block chain nodesin the block chain network. When the insurance claim is settled, any one of the insurance companies, the insurant and the third-party institution associated with each link on the insurance chain initiates the claim settlement; a claim settlement process automatically starts when the claim settlement process triggering condition is satisfied, and claim settlement payment is automatically executedwhen the claim settlement condition is satisfied, which realizes the intellectualization and automation management of the claim process, solves the problem of difficult claim settlement and low efficiency, and greatly improves the experience degree of the insured.

Description

technical field [0001] The invention relates to the technical field of intelligent insurance, in particular to an insurance claim settlement method based on block chain intelligent contract technology and a system for applying the method. Background technique [0002] The difficulty of claim settlement has always been criticized by the insurance industry. A claim may involve multiple people, and each person has their own insurance company behind them. Each insurance company has different claim settlement procedures, required evidence, identification conditions and standards. . This greatly reduces the efficiency of claims settlement. Moreover, this process gives insurance companies the opportunity to shirk and delay. [0003] Not only that, but reinsurance is common in the insurance industry. As an important way for insurance companies to control risks, reinsurance is an iceberg hidden under the water in the insurance industry. In order to prevent a huge amount of compens...

AI Technical Summary

Problems solved by technology

Some use excess reinsurance, some use percentage reinsurance...Once an insured accident occurs, the policyholder goes to the insurance company, and the insurance company goes to the reinsurance company. The processing and calculation methods of each cooperation are different. The complexity of the whole process can be imagined

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