In recent years, a number of interesting technologies have evolved and their usefulness is exploited in different areas, including the insurance sector.

The term InsurTech, set of words insurance and technology, is a neologism used to describe the variety of emerging technologies and business models that have the potential to transform and innovate the insurance business and influence the regulatory practices of the insurance markets. Blockchain technology, in fact, together with the wider category of Distributed Ledger Technologies, is part of these technologies.  



You can gain several technical advantages in your insurance business processes with Blockchain. It is possible to protect the information contained in it and provide it for legal validity; thanks to the use of strong encryption, It’s possible to create reliable and immutable records, while at the same time protecting privacy. So, the distributed approach of a blockchain ensures a lower cost than a centralized configuration.


According to Italian law “The storage of an IT document through the use of technologies based on distributed registers produces the legal effects of the electronic time validation referred to in Article 41 of Regulation (EU) No 910/2014 of the European Parliament and of the Council, of July 23, 2014“. With this in mind and whereas the crucial moments in the insurance process concern the collection of information and their assessment and also the provision or receipt of payments based on them, it’s understandable how registering digital files on the blockchain can have a real benefit on the insurance process.

For example: Let’s imagine that there was an accident between two subjects. In this case, it is right to know your duties, your rights and know what to do to obtain compensation. If the two subjects agree on the dynamics of the accident, the easiest thing to do is to fill out the friendly statement form (C.A.I). The subjects, often, could disagree on the dynamics of the events. In this case, in addition to the possibility to fill in the form individually friendly with the personal version of the facts, it is desirable to proceed with the “precautionary complaint”. 

The precautionary complaint is a description of the accident, including all the documentation necessary to demonstrate the dynamics of the accident. The documentation must be collected immediately after the accident, such as photographs, videos, testimonies.

Now the importance of the blockchain is underlined because notarizing all documents on a blockchain platform allows you to attribute to this information legal value, providing them with a certain date and proof of authorship. Then it is possible to demonstrate objectively the dynamics of the facts, gaining time. The process of notarizing on the blockchain is safe, simple and fast.





Dedit facilitates the way of storing precious documents in the cloud, in an encrypted and secure way.

Through the blockchain, in fact, the hash value of the document is saved, but not the document in clear. Thanks to its mathematical peculiarity, this doesn’t allow to recover any information of the original document. This is very important for privacy. The associated unique fingerprint can be easily calculated from the document.


Let’s go through the detailed features of the technology:



    When we talk about Blockchain, we refer to a digital register distributed in linear form. The information is contained inside the blocks and every n seconds/minutes (depending on the blockchain) the last block of the chain binds cryptographically with the one just created. The term “transaction” means the way in which information is entered into the blockchain.




    The monitoring and management of this register takes place through a decentralised mechanism, in which many operations are recorded in real time, ensuring a distributed and horizontal form of data.




    The information contained in it may be pseudonymised or public depending on the scenery. However, if this information is inserted, it will remain unchanged and  non-editable.