Abstract The study appraises the essence of block chain technology in driving the growth of the insurance business, with a focus on transparency, trust, fraud prevention, and operational efficiency. Drawing from scholarly works, industry reports, and practical case studies, the research highlights block chain’s potential to transform traditional insurance systems into more efficient, customer-centric models. The paper concludes that adopting block chain in insurance operations is pivotal for sustainable growth in Nigeria’s evolving digital economy.
Keywords: Block chain technology, Insurance business