B3i is a global initiative supported by major insurance industry investors and a diverse community currently comprising over 40 companies. B3i was founded in October 2016 as an insurance industry consortium, which then formed B3i Services AG as an independent company. B3i is building a broadly supported platform and protocol to address critical insurance industry needs through growing its network and developing partnerships with other company-led and industry-led initiatives throughout the world. B3i's vision is to see the insurance market deliver better solutions for end consumers through faster access to insurance with less operational risks and administrative costs.