Year: 2024
Type: article
Study design: Systematic Review
Abstract: Background: The idea of insurance was discovered several millennia before Christ (BC). In the secondand third millennia BC, traders from China and Babylonia practiced shifting or dispersing risks.Today, insurance is the foundation of the economy, but expanding its penetration is difficult inemerging nations. The fourth insurance industry revolution in the developed world was sparked bythe recent advent of Blockchain, IoT, Big Data, and InsurTech.Objective: In order to boost insurance coverage in Kenya, this study examines the problems with andpotential solutions to Blockchain.Research Methodology: In order to identify the themes and factors pertaining to problems andsolutions in implementing Blockchain in Kenya insurance business, this study used a systematicliterature review. In order to find pertinent material from Google Scholar, a number of keywordswere employed. The filtered studies were examined based on inclusion and exclusion standards.Findings: This report outlined many obstacles to Blockchain adoption in the Kenya insurance sectoras well as potential remedies. The proposals could help policymakers improve the insurance industryservice delivery.
DOI: 10.63740/0d20qx05
Authors: Noman Arshed, Marium Saeed
Institutions: Sunway University, University of Management and Technology
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4414799449
FWCI:
Cites:
Cited by:
Related to: