Dubai’s DIFC-based InsurTech firm secures new blockchain deal | ZAWYA MENA Edition:
Addenda, a DIFC-based InsurTech firm has made an important headway by signing with five regional insurance players to its new blockchain platform.
Aman Insurance, Al Wathba Insurance, National Takaful Company (Watania), Noor Takaful and Oriental Insurance are the first companies to adopt Addenda’s technology, demonstrating the first use-case for a blockchain transaction in the regional insurance industry, a statement from DIFC said.
As the InsurTech market revenue grows at a rate of 16 per cent globally, enterprises in DIFC are upping their game by disrupting the way regional insurance sector operates as well as transforming the sector.
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