U.S.-based bank The Provident Bank has begun offering deposit services to digital currency-related customers.
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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Major United States-based cryptocurrency exchange Coinbase is reportedly looking to launch a captive insurance company.
- In depth
The insurance sector is riddled with inefficiencies — and distributed ledger technology is on a mission to fix them.
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by Thomas Simms
Bereaved families who place an obituary for a loved one in a newspaper will now be able to instantly trigger searches for a matching life insurance policy.
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Pan-African insurance company Old Mutual has opted out of insuring cryptocurrency mining equipment due to the absence of regulation in the industry.
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Aon will reportedly provide crypto custody solutions provider Metaco with crime insurance coverage via a group of predominantly European insurers.
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Cryptocurrency custody services firm Anchorage has added insurance coverage for storing digital assets.
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The internet giant has not revealed details of the plans, which follow Waterdrop’s $75 million Series B funding round.
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by Helen Partz
First launched as a PoC in April 2018, Marsh’s proof of insurance blockchain platform is set to be rolled out soon to U.S. clients.
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Accenture and Generali Employee Benefits have launched a blockchain solution for employee benefits that innovates the reinsurance process for captive insurance ...
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