Insurance

InsuranceSmart Contracts

Blockchain for Insurance as Start-Up Bridger Buys Out MGA

Bridger, a New Jersey-based tech upstart company, has purchased SCJ Insurance Services, a master general agency in Pleasanton, California. Started more than 40 years ago, SCJ has provided non-standard automobile insurance through over 2,000 agent locations throughout California. Bridger has plans to develop smart contracts that leverage blockchain strategies to streamline the way insurance is transacted, mobile-based products that leverage telematics, and use-based programs to control premiums for policy holders. Kimo Winterbottom, Bridger's CEO, stated: "Bridger will deliver technology-driven personal insurance products to our independent agent partners that will enable...
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