Extraordinary Re Partners with Nasdaq for Blockchain Insurance Risk Marketplace
Nasdaq will contribute matching engine technology for distributed ledger-powered platform.
Insurance-linked securities represent a market of around $90 billion, and are perhaps best known for so-called Cat bonds, or catastrophe bonds, which cover insurers in the event of natural disasters and similar events.
Extraordinary Re is planning to utilize DLT and a private cloud as part of the technology foundation for its platform, which is embedded within a Bermuda-domiciled reinsurer, allowing access to liquidity in the ILS market.
Will Dove, chairman and CEO at ExtraordinaryRe, tells Wa
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