Galileo Platforms

Galileo Platforms is a Hong Kong-based technology company serving the insurance sector. Using blockchain technology, Galileo efficiently connects all participants in the insurance industry in real-time. Its platform drives efficiency through the entire business lifecycle by having a central source of encrypted clients, policies and claim data that the distributors, insurers and reinsurers can all use with permissioned access.

The benefits of Galileo’s solution include access to new market segments, easier product innovation, and simpler, faster and cheaper transactions. The cost and speed of launching and operating insurance products are significantly reduced, which help open up new revenue growth opportunities.

Galileo recently partnered with Singlife Philippines, a mobile-first life insurer from Singapore, and GCash, the eWallet in the Philippines, to launch a platform for life insurance products. By using Galileo’s scalable cloud-based blockchain technology, the new service can potentially reach a very large and mostly untapped insurance market.