Insurance Industry News

FDIC insurance is highly sought-after by crypto exchanges, lenders, and other service providers. Is it the key to mass adoption?

Crypto insurance is becoming more important as investors and crypto companies look to secure their digital assets.

With over $2 billion lost in decentralized finance this year, there exists a huge market opportunity for crypto insurance providers, according to an executive.

Of the 328 CFOs and CIOs representing around half of the global insurance industry, 6% responded their firm was either already invested or considering an investment into cryptocurrencies.

The past week in DeFi saw Uniswap breach $1 trillion trading volume, while WEF 2022 saw Terra at the center of most crypto and DeFi discussions.

Cryptocurrency insurance is expected to be a big business, but will it be centralized or decentralized?

China's central bank digital currency can now be used on insurance policies that offer various levels of compensation for diagnosis of or death due to COVID-19.

By transitioning to a fully DAO-governed model, Nexus could expand its user base and iron out tokenomic friction.

The investment services firm said its new global head of insurance solutions would be spearheading the effort.

Investors include Lemniscap, P2P capital and others. Unslashed Finance has sold $400 million in coverage since its private launch last month.

Tosei real estate and Tokyo Financial Holdings issued an asset-backed digital financial product, Coinage registered with Japanese authorities as an exchange and more headlined news from Japan this past week.

Insurance firms in China use blockchain to manage coronavirus-related claims amid the outbreak.