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Inmediate’s ecosystem is expected to be launched in the second half of the year MSIG to commit operational expertise, systems support, product development guidance     INMEDIATE Pte Ltd, the smart insurance network venture by Insurance Market Group, has signed a Memorandum of Understanding (MOU) with MSIG Insurance to expand the creation of a new insurance ecosystem. Inmediate and

MSIG Insurance will work closely together to explore new insurance products that leverage on the efficiency and reliability of blockchain and smart contracts through the ecosystem. The technological capability of Inmediate will contribute to the development of the new ecosystem that will open up new opportunities for insurers and distributors, bringing benefits and cost savings to the customers. “We

are immensely excited to work with MSIG on this ground-breaking project that aims to unlock the full potential of blockchain-powered insurance contracts. There are going to be vast benefits for participants in our ecosystem, and consumers can potentially look forward to experiencing more complete insurance coverage for a wider scope of events, while enjoying the peace of mind from

the security that blockchain offers,” said Otbert de Jong, founder and CEO of Inmediate Pte Ltd. “MSIG is constantly innovating to better serve our customers. The experimentation on blockchain technology is likely to lend deeper insights on how blockchain can provide better digital experiences to our customers and improve the insurance value chain. “The partnership with Inmediate will enable