IMA Financial Group to join The Institutes RiskStream Collaborative

Insurance brokerage firm IMA Financial Group announced it will join The Institutes RiskStream Collaborative to investigate the potential of blockchain in risk management and insurance.

The collective is developing insurance-specific use cases for blockchain and distributed ledger technology to reduce operating costs, improve systems and enhance the customer experience across the $1 trillion insurance industry.

“The brokerage community needs to start gaining experience in blockchain technology if they want to navigate it responsibly for their clients. Joining the RiskStream Collaborative offers IMA a compelling opportunity to influence how we put this powerful technology to good use.” – Garrett Droege, IMA Director of Innovation & Strategy.

“The insurance industry is based on data sharing, yet we’ve been slow to adopt the technology that allows us to securely share and store that data. Through its testing, RiskStream is proving that the blockchain could quickly advance our processes and radically improve how we service clients.” – Patrick Datz, Vice President of IMA Inc.

“IMA brings a highly valuable producer perspective along with deep subject matter expertise to the Surety Bonds Power of Attorney Verification Lab.” – Bill Keogh, The Institutes RiskStream Collaborative Non-Executive Chair.