Impact of Block Chain Technology on Insurance Business in Ekiti State

Student: Opeoluwa Joy Adeoti (Thesis, 2025)
Department of Insurance
Ekiti State University, Ado-Ekiti, Ekiti State

Abstract

This study investigates the impact of blockchain technology on the insurance business in Ekiti State. The research explores how blockchain can enhance transparency, reduce fraud, and improve operational efficiency within insurance institutions. Data will be gathered through questionnaires and interviews with insurance professionals in Ekiti State to determine the level of awareness and adoption of blockchain systems. The findings are expected to show how blockchain contributes to trust, faster claim settlements, and data security in insurance operations.

Keywords
Blockchain Insurance Technology Transparency Fraud Prevention Efficiency Claims Processing Data Security Digital Transformation Ekiti State
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