ThaiRe launches ASEAN’s first reinsurance smart contract platform using IBM’s blockchain and hybrid cloud technology

Bangkok, Thailand – 06 January 2021: IBM (NYSE: IBM) today announced that Thai Reinsurance Public Company Limited (Thai Re), Thailand’s leading technology-driven professional non-life reinsurer, has successfully launched “Insurer Network,” a reinsurance smart contract production network using IBM blockchain technology on IBM Cloud. Available through ThaiRe Innovation Co., Ltd., the Thai Re subsidiary and IT engine, “Insurer Network” is designed to bring transparency and speed to its clients in Thailand. The insurance industry is in a period of disruption not

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