P&C Claims Processing Introduction Current-state background Insurance is a financial risk management product in which an individual or entity receives protection against losses (e.g. property, asset, casualty and health) from the insurer. Commercial property and casualty (P&C) insurance (e.g. commercial motor, commercial property and commercial liability) protects businesses against risks that may result in loss of life or property. Key ecosystem stakeholders Overview Insuree • P&C is large: P&C is the second largest segment of insurance worldwide (after life and health) with earned premiums in 2014 of US$ 728.6 billion, Insurer growing at 5.1% since 2010, and is set to reach US$ 895.1 billion by 20181 • Claims processing is a key bottleneck: For P&C insurance, the tasks associated with claim and loss processing are a major source of friction, accounting for an average of 11% of the overall written premium (revenue)2 Reinsurer Supporting Data Sources Regulator DLT has the potential to optimize the back-office operational costs of property and casualty insurers. This use case highlights the key opportunities in claims Broker processing for the P&C commercial insurance business 1. Global Commercial Non-Life Insurance: Size, Segmentation WORLD ECONOMIC FORUM | 2016 and Forecast for the Worldwide Market, Finaccord, 2015. 57 2. ISO Verisk Analytics, 2016.