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.
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 invest...
11% of US insurers invest — or are interested in investing — in crypto
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.
Finance Redefined: Uniswap breaches $1T volume, WEF 2022 discussion on Terra, and more
Traditional insurance isn’t going to step up and protect our crypto assets, so we need to do it ourselves, in a decentralized manner.
The increasingly acute need for crypto-native insurance
DeFi insurance protocol InsurAce took heat from the community for suddenly shortening its claims period for Terra-related insurance claims, but is already set t...
InsurAce says it will pay millions to claimants after Terra’s collapse
Cryptocurrency insurance is expected to be a big business, but will it be centralized or decentralized?
Question of centralization faces growing crypto insurance industry
The U.S. bank insurer has concerns over the ability of the institutions it supervises to assess crypto risks adequately, and it’s none too sure about its own ab...
The FDIC wants US banks to report on current and intended crypto-related activities
The coalition will release a decentralized application to help farmers make or receive payments using crypto.
Lemonade partners with blockchain bigwigs to combat climate change