Blockchain revolutionises tracking of false insurance claims

| October 4, 2018

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The multi-trillion-dollar insurance industry hasn’t been a new idea for our society. The insurance companies benefit from the premium they get while the policyholder gets coverage of his loss at the time of need. But the centuries-old insurance industry is expensive, slow, and fraud-prone. It takes a long while to get the matter solved between insurance companies, adjusters, witnesses, other intermediaries, and it takes dozens of phone calls, hours of effort and weeks before the claims process gets completed. The frauds lead to a massive loss for the insurance company.

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TransMarket Group

Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm. We trade successfully by using the unique talents we have been blessed with. We use next generation technology to capture opportunities around the world and manage risk in financial markets. We have an entrepreneurial culture and collaboratively develop our business with patience and discipline; we work hard, learn constantly, and relentlessly improve our expertise. TMG is a meritocracy with a team oriented collaborative and entrepreneurial culture. We have the intensity and passion of a technology start up while maintaining the stability and storied history of a respected member of the global financial system.

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Spotlight

TransMarket Group

Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm. We trade successfully by using the unique talents we have been blessed with. We use next generation technology to capture opportunities around the world and manage risk in financial markets. We have an entrepreneurial culture and collaboratively develop our business with patience and discipline; we work hard, learn constantly, and relentlessly improve our expertise. TMG is a meritocracy with a team oriented collaborative and entrepreneurial culture. We have the intensity and passion of a technology start up while maintaining the stability and storied history of a respected member of the global financial system.

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