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.
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.
Digital yuan pilots expand to insurance industry for the first time
The project said it would be paying roughly 6,000 farmers for crops adversely affected by climate change before the end of the season.
Etherisc onboards 17K Kenyan farmers covered by blockchain-based crop insurance
Years of regulatory uncertainty around Tether could be offset by newfound investor confidence if an emerging insurance protocol for USDT gains traction.
Stablecoin insurance firm Bridge Mutual to protect against possible Tether depegging
The FDIC issued a request for public input to get more information on the industry and consumers’ interests in the market.
US FDIC seeks insight on banks’ role in cryptocurrency markets
The company will soon accept BTC payments for insurance premiums as part of a broader embrace of digital assets.
Nasdaq-listed insurer Metromile plans $10M Bitcoin purchase
A blockchain financial services provider offers no-fee, no-cut virtual node hosting that includes insurance against slashing penalties.
DeFi platform offers free Eth2 staking… with an all-important twist
ShapeShift has identified two unaffiliated projects as promising DeFi insurance protocols.
Decentralized insurance could save DeFi from contagion, according to ShapeShift report