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AIG launches blockchain insurance cover

A StanChart branch. The lender has signed onto the blockchain platform. FILE PHOTO | NMG

By  MUTHOKI MUMO

Global insurance group AIG is targeting multinationals with a new blockchain-powered cover policy that has been partly developed in Kenya.

The company has partnered with technology firm IBM to develop the insurance cover, which Standard Chartered bank #ticker:SCBK signed onto for its operations in Kenya, Singapore and the United States.

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