Abstract:

The article considers the basic prerequisites for using blockchain technology on the insurance market. Each of the insurance company's business processes (Acquisition; Underwriting; Actuarial calculations; Setting of business processes; Reinsurance; Funding; Investment activity; Settlement of losses; Formation of financial result; Accounting and audit) is reviewed from the perspective of the opportunities for its development through the use of blockchain technology. Particular attention is paid to the Russian insurance market, a new model of Russian insurance is proposed which starts with the use of blockchain technology for the development of mutual insurance societies.