Prescient Taps Data Gumbo to Transform Insurance Underwriting in Marine & Energy
Summary
HOUSTON--(BUSINESS WIRE)--Data Gumbo Corp., the trusted transactional blockchain network for tomorrow’s industrial leaders, today announced that Prescient Underwriting Management & Associates (PUMA), a marine and energy risk management and insurance underwriting operation, is utilizing Data Gumbo’s blockchain-based network, GumboNet™, to power its risk transfer platform. “Contracts are the first step in risk management, and Prescient is adopting our network to foster accountability and transparency in the insurance business,” said Andrew Bruce, CEO and Founder of Data Gumbo. By putting its insurance program on GumboNet, Prescient will access real-time data to execute risk mitigation and loss avoidance solutions to improve industry experience. "Data Gumbos success with blockchain-based smart contracts, as well as a network for real-time risk avoidance for the global oil & gas industry, is proving a significant transformation,” said Pascal Ray, Founder of Prescient. This innovative mix of technologies optimizes the customer experience through enhanced service, reduced costs and in providing real-time loss mitigation and avoidance solutions.