Designing a blockchain model in the insurance industry with a treatment compensation approach

The most important things to do and take time to do is to take advantage of the small amount you can get. The present study is a practical and exploratory combination in terms of purpose and data collection. In the qualitative part, semi-structural interviews, focus group and expert grouping are used, and in the quantitative part, structural equations are used. The results led to the identification and compilation of 204 indicators in the field of Chechnya in which more than 50% of experts selected 87 codes and codes that are of the same genus were placed in a separate group and finally the codes were grouped into 11 components and 4 dimensions. The results showed that blockchain technology, like other new technologies, has advantages and disadvantages, the results of which show that its advantages outweigh its disadvantages. Blockchain capabilities showed that the use of this technology in the processes of acceptance, issuance and damages can significantly increase the accuracy and speed of these processes. Proper implementation of blockchain technology in the insurance industry can play an important role in promoting public confidence in the insurance industry, streamlining processes, optimal pricing, correct damage estimation and service, and identifying low-risk insurers