Extraordinary Re will use Nasdaq’s market tech for insurance risk platform

Nasdaq and Extraordinary Re signed a new market technology agreement for Nasdaq to deliver matching engine technology via its architecture. Extraordinary Re will deploy this technology through its patented Liquid Insurance Contract risk allocation platform.

Extraordinary Re is creating a liquid platform for $22 trillion in insurance liabilities. The insurtech is building a system to handle a broad range of insurance liabilities and make them available and attractive to institutional investors. It will operate its system on a private cloud using blockchain technology to transmit flow-through information to its participants. The go-live is targeted for summer 2018.

Read the full release

Related Posts

Previous Post
AFME advises on developing capital markets utilities
Next Post
Credit Suisse and ING in first seclending transaction using collateral lending app and blockchain

Fill out this field
Fill out this field
Please enter a valid email address.

X

Reset password

Create an account