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Piprate

Piprate

Piprate is an InsurTech company providing a blockchain-based data sharing platform for the re/insurance industry. Their solution uses secure, blockchain-backed data wallets to solve fundamental data sharing problems, aiming to create trust, accountability, and transparency. The platform enhances cybersecurity, regulatory compliance, and operational efficiency for clients such as brokers, carriers, and reinsurers by enabling secure and efficient data exchange while allowing clients to maintain control over their data.
Dublin, IE

Description

Piprate addresses the insurance industry's fundamental data sharing challenges, which are often inefficient, costly, and insecure due to reliance on outdated methods like spreadsheets and emails. The company provides an enterprise-grade InsurTech platform that utilizes blockchain technology to enable secure, efficient, and transparent data exchange among re/insurance actors such as brokers, carriers, and reinsurers. At its core, the solution features blockchain-backed data wallets that allow participants to share information securely while retaining full control and custody of their data. All data is encrypted, and transactions are recorded on an immutable ledger, creating a trusted system of record and a verifiable chain of provenance. The platform is blockchain-agnostic, integrates with existing systems via APIs, and is built on principles of FAIR data, user data custody, and robust security. Piprate's technology aims to streamline processes, enhance regulatory compliance (e.g., GDPR), and ultimately treat data as a valuable corporate asset.