This industry of insurance has its own way to get adopted by big players but the competition is getting interesting. Blockchain will be used successfully in area of services to eliminate the fraud and brokers role that is big hurdle on its way of success. It will need lot of time and hard work to see adoption but once it is done the market is of billions dollars to be explored ahead.
Traditional industries (especially those highly regulated such as Banking and Insurance) have too many legacy issues to innovate and after so much talk about blockchain, AI, big data, etc etc.... what notable innovation have we witness from them? They are constantly hiding behind regulatory and legacy systems as a reason for not innovating!
We need more projects such as fidentiaX to shake them into moving their arse!