Share this article
IBM Expands Blockchain Partnership With Insurance Broker Marsh
Professional services firm Marsh is launching a commercial insurance verification program on a blockchain in partnership with IBM.
By Nikhilesh De
Updated Sep 13, 2021, 8:25 a.m. Published Sep 27, 2018, 8:00 a.m.
Global professional services firm Marsh is expanding an effort to offer insurance solutions on IBM's blockchain platform.
The company announced Wednesday that it was working with IBM Blockchain to launch a commercial version of an insurance verification program it first introduced in April, according to a press release.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Marsh and IBM will use the new platform to streamline the insurance certification process, providing both speed and transparency for clients looking to hire contractors, as opposed to the existing manual input process.
As previously reported, Marsh and IBM first began developing the program in April, seeing blockchain technology as a way to "maximize efficiency" for clients.
IBM insurance general manager Sandip Patel praised the underlying distributed ledger technology in a statement, noting its potential use in modernizing tools used by existing companies.
He said:
"Distributed ledger technologies are driving efficiency across many industries by enabling legacy manual processes to operate more efficiently and with greater transparency and trust. This innovation is an ideal example of how blockchain can be used to drive real business results and collaboration in the insurance industry."
The new blockchain-based tools will be offered through the Salesforce platform, the release noted.
Marsh chief digital, data and analytics officer Sastry Durvasula added in a statement that "by making proof of insurance accessible digitally and instantaneously for our clients through Salesforce, we are streamlining a key business requirement through easy and secure sharing of proof of insurance."
IBM image via JuliusKielaitis / Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
