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.
All private AXA customers now have the option to pay insurance premiums for any non-life insurance products in Bitcoin.
Switzerland’s largest insurer AXA starts accepting Bitcoin as payment
The Linux Foundation and the American Association of Insurance Services are co-launching a blockchain-based platform to help the insurance industry.
Linux Foundation launches blockchain-based platform for insurance
A renewed focus on DeFi could drive traffic for the Oasis Network.
Oasis Foundation announces implementation of Tidal DeFi insurance platform
The investment services firm said its new global head of insurance solutions would be spearheading the effort.
NYDIG raises $100 million and launches 'Bitcoin-powered' insurance initiative
Ant Group remains the world’s biggest blockchain patentee, while IBM is considered to be the most-cited developer of patents in the industry.
Chinese holding firm Ping An overtakes Tencent in blockchain patents race
The relationship is "c-over" between Yearn Finance and Cover, an emotional split related to a new protocol from Cover developers.
‘Better as friends’: DeFi protocols Yearn and Cover announce cessation of merger
Investors include Lemniscap, P2P capital and others. Unslashed Finance has sold $400 million in coverage since its private launch last month.
Unslashed Finance raises $2M for crypto insurance platform