Insurance
Lloyd’s of London-Backed Insurance Policies Can Now Be Paid for in Crypto on Ethereum
Cryptocurrency insurance underwriter Evertas, a Lloyd’s coverholder, has teamed up with smart contract-based insurance marketplace Nayms to offer the on-chain policies.
Insurance Is the Silent DeFi Guardian
There is a long history of insurers helping to reduce industrial risks, from cars to buildings. They can play a similar role now in DeFi, where a lack of regulation stifles growth, says Q Rasi, co-founder of Lindy Labs.
Crypto and DeFi Wallet Firm Fordefi Gets Cover from Insurance Giant Munich Re
Insurance broker Lockton’s Emerging Asset Protection (LEAP) team helped organize the Munich Re deal.
Bermuda-Licensed Relm Insurance Unveils Suite of Crypto Risk Products
As well as cyber and crime markets, Relm is offering reimbursement for losses associated with staking on the Ethereum network.
Insurance Broker Marsh Introduces $825M Crypto Custody Coverage
The new insurance product will support organizations with digital assets held offline in cold storage, as well other custody solutions such as Multi-Party Computation (MPC).
DeFi Insurer Nexus Mutual Requests $153K for 6-Month Budget
The crypto insurance protocol is anticipating growth stemming from a recent partnership.
Coinbase-Backed Insurance Alternative OpenCover Debuts on Layer 2 Blockchain Base
OpenCover, which raised $4 million in a seed round led by the likes of NFX and Jump Crypto, received a $200,000 funding bump from Coinbase to bolster its debut on Base.
Decentralized Insurance Alternative Nexus Mutual Provides Cover to UK Shopkeepers
A partnership with InShare sees Nexus adding some of its $274 million on-chain capacity to The Retail Mutual insurer comprising over 5,000 shopkeepers and small retail businesses.
Crypto Insurer Evertas Buys Bitcoin Mining Cover Specialist Bitsure
Evertas has snagged the authority to offer mining policy limits of up to $200 million per location.
Startup Arbol Unveils AI and Blockchain-Powered Climate Insurance Platform
The market for climate insurance is estimated to triple in the next decade.
