Moorhouse founder establishes blockchain insurtech firm
Insurer Moorhouse Group's founder Lyndon Wood has teamed up with BBC Apprentice winner Tim Campbell to create a blockchain-backed insurtech provider called Blockrox. The company will help insurance carriers deploy blockchain technology to boost security and to keep costs down. Blockrox is also hoping to speed up transactions and aims to be  a "major player" in insurtech, according to Wood. The firm is now looking to raise capital for a pilot.

Lyndon Wood and winner of The Apprentice, Tim Campbell have set up a blockchain firm called Blockrox.

Moorhouse Group founder Lyndon Wood has joined forces with winner of the BBC's The Apprentice, Tim Campbell, to set up an insurtech firm called Blockrox, Insurance Age can reveal.

The firm claims to help insurance providers use blockchain technology to add more security to their processes while reducing costs.

The business is also led by Derin Cag founder of Richtopia and BlockchainAge.

Wood said: "The insurance industry is very archaic and full of conflicts of interest. Far too many people are