Automate Insurance Claims with Blockchain: Eliminate Fraud, Slash Costs, and Build Unbreakable Trust.
Stop losing millions to fraudulent claims and inefficient, paper-based workflows.
Our AI-enabled blockchain solutions create a transparent, immutable, and automated claims process from first notice of loss to final settlement.
Trusted by Industry Leaders and Innovators Worldwide
The High Cost of Inefficient Claims
The insurance industry runs on trust, but its foundational processes are plagued by inefficiency, fraud, and data silos. Manual verification, disputes between parties, and the constant threat of sophisticated fraud schemes cost insurers billions annually, eroding profits and damaging customer relationships. It's a constant battle to balance operational costs with policyholder satisfaction.
The Blockchain Revolution in Claims
Errna provides a powerful solution. By leveraging the immutable and transparent nature of blockchain technology, we re-engineer your entire claims lifecycle. We replace slow, manual processes with automated, self-executing smart contracts, creating a single source of truth that all parties can rely on, transforming your claims processing into a secure, efficient, and trustworthy engine for growth.
How It Works: A Transparent Claims Journey
We transform the complex, multi-step claims process into a streamlined, automated workflow on a secure, shared ledger.
1. First Notice of Loss (FNOL)
A policyholder submits a claim via a dApp. The event data, including photos and IoT sensor readings, is instantly recorded on the blockchain, creating an immutable, time-stamped record.
2. Automated Verification
A smart contract automatically verifies the policy's validity and coverage against the submitted claim data. AI models simultaneously scan for potential fraud indicators.
3. Shared Data & Assessment
All authorized parties (adjusters, repair shops, medical providers) are granted permissioned access to the claim data on the shared ledger, ensuring complete transparency.
4. Smart Contract Execution
Once all conditions are met (e.g., repair invoice uploaded, damage verified by an oracle), the smart contract self-executes, calculating the final payout amount according to policy rules.
5. Instant Settlement
The approved payout is automatically transferred to the policyholder and other relevant parties via an integrated payment gateway, reducing settlement time from weeks to minutes.
Our Blockchain for Insurance Claims Automation Services
Our suite of services covers every aspect of designing, building, and deploying a robust blockchain-based claims automation solution. We tailor each offering to your specific needs, whether you're just starting to explore the technology or are ready for a full-scale enterprise rollout.
Smart Contract Development
We codify your claims processing rules—from verification and validation to payout calculations—into self-executing smart contracts.
- Automates rule-based decision-making.
- Ensures consistent and error-free application of policy terms.
- Triggers instant payouts upon condition fulfillment.
Private Blockchain Networks
We build secure, permissioned blockchain networks (e.g., Hyperledger Fabric, Corda) where only authorized parties can participate.
- Guarantees data privacy and confidentiality.
- Provides full control over network governance.
- Optimized for enterprise performance and scalability.
FNOL dApp Development
We develop a decentralized application for policyholders to submit claims directly onto the blockchain, capturing immutable, time-stamped data.
- Reduces reporting errors and delays.
- Creates an indisputable record of the initial claim event.
- Integrates with IoT devices for automated data capture.
AI-Enhanced Fraud Detection
Our service integrates machine learning algorithms that analyze on-chain data to identify suspicious patterns or duplicate claims in real-time.
- Proactively flags high-risk claims for review.
- Reduces losses from fraudulent activities.
- Learns and adapts to new fraud vectors over time.
Legacy System Integration
We create robust APIs and middleware to ensure your blockchain solution communicates seamlessly with your existing CMS, PAS, and ERPs.
- Protects your investment in current infrastructure.
- Ensures data consistency across all systems.
- Enables a phased migration strategy.
Parametric Insurance Platforms
We build platforms where smart contracts automatically trigger claims based on verifiable data from external oracles (e.g., weather data, flight delays).
- Eliminates the need for manual loss assessment.
- Enables instant, transparent claim settlements.
- Opens new markets for innovative insurance products.
Why Choose Errna?
We combine deep insurance industry knowledge with elite blockchain engineering to deliver solutions that create real business value.
Insurance-First Focus
We speak your language—P&C, health, reinsurance, subrogation. Our solutions are tailored to the unique regulatory and operational challenges of the insurance industry.
AI-Powered Fraud Detection
We go beyond standard blockchain. Our integrated AI models analyze claim patterns on-chain to flag anomalies and detect sophisticated fraud schemes in real-time.
Seamless Legacy Integration
Our expertise lies in creating seamless integration layers, connecting blockchain to your core systems without disruption.
Enterprise-Grade Security
With CMMI Level 5 and ISO 27001 certifications, we build private, permissioned blockchains that meet the strictest security and data privacy demands.
Verifiable ROI
We don't just build technology; we build business cases. Our process ensures your investment translates directly to a lower combined ratio.
Full-Lifecycle Partnership
From initial strategy and PoC to full-scale implementation and ongoing managed support, we are your long-term technology partner.
Success Stories: Real-World Impact
See how we've helped insurance leaders transform their operations with blockchain technology.
Automating Auto Claims for a Top P&C Insurer
A leading national P&C insurer was facing intense competition. Their claims process for windshield repair was slow, manual, and susceptible to fraud from repair shops submitting inflated or duplicate invoices, leading to high costs and poor customer satisfaction.
"The speed and transparency Errna's solution brought to our auto claims is revolutionary. Our customer satisfaction for these claims is up 40%..."
Our Solution:
We deployed a private Hyperledger Fabric blockchain with a smart contract to automatically verify policy coverage, repair shop credentials, and claim details. A simple dApp allowed repair shops to upload invoices directly to the immutable ledger, creating a tamper-proof evidence trail.
Streamlining Reinsurance Settlements with a Consortium Blockchain
A consortium of five reinsurance companies needed to simplify the incredibly complex and slow process of settling claims among themselves. The process involved extensive manual reconciliation of data from different systems, leading to disputes and delays.
"Errna acted as the perfect neutral technology partner... Their expertise in both blockchain governance and complex integrations was key to launching a platform that has become the new standard."
Our Solution:
We implemented a consortium blockchain using R3's Corda. Claims and treaty data were represented as shared "state objects," ensuring all parties had an identical, verified copy. Smart contracts automated the execution of treaty agreements and settlement calculations.
Launching a Parametric Insurance Product for Farmers
An innovative Insurtech startup wanted to launch a parametric crop insurance product that would pay out automatically based on a pre-defined rainfall trigger, requiring a transparent, automated, and completely trustworthy backend system.
"We had the vision, but Errna had the technical expertise to make it a reality. We went from concept to market in under six months."
Our Solution:
We built the solution on the public Ethereum blockchain, using Chainlink decentralized oracles to securely feed tamper-proof weather data to the smart contract. The contract automatically checked the data and triggered instant payouts to farmers' digital wallets if conditions were met.
Technology Stack & Tools
We build on proven, enterprise-ready platforms to ensure your solution is secure, scalable, and future-proof.
Meet Our Experts
Our team includes seasoned architects, certified blockchain developers, and domain specialists with deep experience in the insurance industry.
Amit A.
Founder & COO - Expert in Enterprise Technology Solutions and architecting scalable blockchain networks for financial services.
Prachi D.
Manager, Certified Cloud & IoT Solutions Expert, specializing in AI integration for on-chain fraud detection models.
Girish S.
Delivery Manager - Microsoft Certified Solutions Architect with deep expertise in integrating DLT with legacy enterprise systems.
Ready to Transform Your Claims Process?
Let's talk about how blockchain can reduce your costs, eliminate fraud, and create a better experience for your policyholders. Schedule a free, no-obligation consultation with our insurance technology experts today.
Schedule Your Free ConsultationFrequently Asked Questions
Blockchain prevents fraud by creating a decentralized, immutable, and transparent record of all claim-related data. Every transaction, from the initial report to the final payout, is cryptographically linked to the previous one. This makes it nearly impossible to alter or fabricate information (like invoices or damage reports) without being detected by the entire network. It also helps eliminate duplicate claims, as each claim has a unique, verifiable identity on the ledger.
Not necessarily. Our solutions are designed to integrate with and enhance your existing systems, not replace them wholesale. We build a blockchain layer that communicates with your core systems (like a Claims Management System or Policy Administration System) via APIs. This allows you to gain the benefits of blockchain—transparency, automation, security—while preserving your investment in your current infrastructure and minimizing disruption to your operations.
Yes. We implement private, permissioned blockchains (like Hyperledger Fabric or Corda) specifically for enterprise use. Unlike public blockchains (e.g., Bitcoin), you have complete control over who can join the network and what data they can see. All data is encrypted, and access is strictly governed by rules you define. This model provides the security and privacy required to comply with regulations like GDPR and HIPAA while still leveraging the core benefits of distributed ledger technology.
The ROI varies depending on the specific use case, but it's typically driven by three main factors: 1) Reduction in fraudulent payouts, which can be significant. 2) Lower administrative costs due to automation of manual tasks (data entry, verification, reconciliation). 3) Faster settlement times, which improves liquidity and customer satisfaction. We work with you to build a detailed business case during our initial consulting phase to project a clear ROI for your specific situation.