Opinion
Traditional insurance is failing digital asset companies. As tokenization hits $20 trillion, firms need tailored coverage — not off-the-shelf policies.
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Insurance News
Insurance is a procedure of making individuals financially protected against losses occuring in the event of some damaging accident. Most insurance policies for individuals are homeowners, health, auto and life insurance. There are also insurance policies for businesses and financial institutions against specific types of risks that are inherent in the industry. Insurance is an important institute for the modern world that helps people be more willing to take risks in business by giving them the assurance of protection from various events in daily life. Different technologies may be used to improve the current state of this procedure. Blockchain-based insurance may help validate contracts and blockchain insurance startups are working on smart-contracts for forcing the execution of it’s terms. The blockchain insurance industry is a rapidly-growing segment of the fintech industry and is gathering a lot of attention from investors.
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Nexus Mutual has paid about $250,000 in claims to users hit by July’s $3.5 million Arcadia Finance hack on Base.
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The startup, which is regulated by the Bermuda Monetary Authority, offers whole life insurance denominated in Bitcoin.
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The European Union’s insurance authority recommended the sweeping policy change, citing "inherent risks and high volatility” of crypto assets.
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The Barbados-based insurance company has $40 million in Bitcoin capital, but its traditional insurance policies are priced in US dollars.
11807 - Recap
Lack of transparency, access and efficiency are longstanding issues in the insurance industry. This blockchain-based insurance project proposes a more open and flexible system.
26131 - Spotlight
RWA-powered marketplace lets investors stake capital and actively influence the performance of tokenized insurance pools.
33385 - Podcast
Danny Baer of Meanwhile explains why some long-term Bitcoin hodlers are suddenly excited about whole life insurance policies.
4608 - Recap
Long seen as an illiquid asset, insurance is being transformed by blockchain. A blockchain-based platform created a reinsurance marketplace to encourage accessibility and transparency.
21012 - News
A United States appeals court said a district court was right to toss Ali Sedaghatpour’s lawsuit claiming that his insurer, Lemonade Insurance, should cover him for a crypto scam loss.
3228 - Explained
Learn about the ins and outs of cryptocurrency insurance, coverage options and why it’s essential in today’s volatile crypto landscape.
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OneDegree executive Robin Scott told Cointelegraph that the insurance covers Web3 asset managers against the risk of losing customer funds.
2652 - Spotlight
A blockchain-based platform aims to transform the insurance industry by tokenizing capital pools, boosting transparency, efficiency and liquidity.
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Martin Gruenberg has faced criticism from Republicans and Democrats alike after an independent investigation revealed a range of workplace issues at the FDIC.
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Supported by significant investment, this innovative DeFi ecosystem integrates advanced AI technologies and decentralized governance to offer secure trading and protection.
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