Blockchain Insurance refers to the use of blockchain technology in the insurance industry to enhance transparency, efficiency, and security. By recording all transactions on a decentralized ledger, it allows for real-time tracking of policies and claims, reducing the potential for fraud and errors. Additionally, smart contracts can automate claims processing, ensuring that payouts are made quickly and accurately when predefined conditions are met. This innovation not only streamlines operations but also improves customer trust, as all parties can verify the terms and status of their insurance agreements without relying on intermediaries.