Addenda is a UAE-based InsurTech that focuses on reconciling payments between insurance companies using blockchain technology. Our state-of-the-art motor insurance recovery (i.e.: subrogation) platform digitizes claims, improves turnaround time, and reduces insurance company overheads significantly.
The Addenda blockchain is an insurance consortium that resolves outstanding subrogation claims between insurance companies in a timelier manner. By using a common ledger, insurers no longer need to “reconcile” their ledgers, and are able to minimize the back-and-forth interaction needed to confirm the authenticity of recovery documentation, thereby reducing the time needed for claim resolution.