The role of blockchain technology in financial engineering

Chakravaram, Venkamaraju, Ratnakaram, Sunitha, Agasha, Ester and Vihari, Nitin Simha (2021) The role of blockchain technology in financial engineering. In: Proceedings of the 3rd international conference on communications and cyber physical engineering, 1-2 February 2020, CMR Engineering College, Hyderabad, Telangana, India.

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This research work is to study and list out the processes and operational areas where Blockchain Technology (BCT) is playing a greater role as a tool in the process of financial engineering (FE) in the insurance business. We studied the use of BCT as one of the InsurTech tools in the design and development of financially engineered insurance products. Here, the development of insurance products covers the design of new and innovative insurance policy models, its attractive features as per the needs and requirements of concerned target customers. Insurance processes cover the management and administration of insurance business i.e., marketing, sales and distribution, the underwriting process and claims management, etc. Financial Engineering is a process of creating a new and innovative insurance model by merging existing policy models OR creating a new and innovative insurance model. FE uses the tools and techniques of Statistics, Financial Mathematics, Econometrics, ICTs which includes, FinTech tools, InsurTech tools like Blockchain Technology, Artificial Intelligence, etc. In this research work, we used descriptive cum explorative research methodology. We have studied the role of BCT as an effective tool in the financial engineering process of the insurance business.

Item Type: Conference or Workshop Item (Paper)
Keywords: Blockchain Technology | Financial Engineering | FinTech | Insurance business | Insurance policies | InsurTech
Subjects: Physical, Life and Health Sciences > Engineering and Technology
JGU School/Centre: Jindal Global Business School
Depositing User: Mr. Syed Anas
Date Deposited: 08 Jan 2022 05:52
Last Modified: 13 Jun 2022 09:56
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