Insurance is ready to leap forward with blockchain and the metaverse

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<dateIssued>2023</dateIssued>
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<abstract displayLabel="Summary">One insurance firm models its property and casualty exposure using digital twin and virtual reality (VR) technologies. Another invites clients to use augmented reality (AR) goggles to examine a commercial property and suggest repair options. Some firms use blockchain records to process claims and detect fraud, while others deploy the technology to offer customized insurance products. These are all real-world examples of insurance companies shaping their future and that of their industry by embracing metaverse technologies (VR and AR) and blockchain technology. As the digital landscape continues to evolve at a fast rate, many insurers are strategically positioned to embrace the transformative potential of these technologies</abstract>
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