Cryptocurrencies are on the march. The march now includes US Federal regulation on the field of insurance and processing of insurance claims.
It makes total sense to implement blockchain technology in the insurance business. It would speed up the processing and increase efficiency.
If we look at the proposed cryptocurrencies to use it is interesting to see that Ripple is mentioned and not the most popular currency: bitcoin.
Interestingly enough the suggestion is to make the Ripple network work next to the Swift payment system.
By doing so it is the USA who is already undermining the Swift payment system.