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IBS Moscow • September 22-25, 2018

International Blockchain Summit Moscow – large event in Russia dedicated to all the aspects of blockchain implementation: learn about the…

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Tag: insurance

People’s Insurance Company of China Partners with VeChain for Implementing Thor Blockchain

Category: Altcoins, Blockchain, Business, News, Regulation, Tech

People’s Insurance Company of China Partners with VeChain for Implementing Thor Blockchain

The People’s Insurance Company of China (PICC), regarded as one of the largest insurers in the world, with over $126 billion in assets has recently partnered with DNV GL and VeChain to bring blockchain technology to the insurance industry. According to the announcement on September 1, 2018, PICC believes that blockchain technology can transform the existing system Legacy claim management…

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Kingdom Trust Secures Cryptocurrency Insurance Through Lloyd’s of London

Category: Bitcoin, Business, Exchange, News

Kingdom Trust Secures Cryptocurrency Insurance Through Lloyd’s of London

Kingdom Trust, a company that stores digital currency for investors, has secured insurance for digital assets held on its qualified custody platform through Lloyd’s of London, one of the world’s most respected insurers. Lloyd’s of London Enters Crypto Insurance Market Kingdom Trust, the first regulated financial institution to offer qualified custody for digital asset investments like Bitcoin and Ethereum, has…

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European Insurance Firms ahead of their U.S. Counterparts in Blockchain Adoption

Category: Adoption, Blockchain, Business, News, Regulation

European Insurance Firms ahead of their U.S. Counterparts in Blockchain Adoption

According to research from S&P Global Market Intelligence released on August 23, 2018, European insurance firms trump their U.S. counterparts when it comes to the business attitude towards blockchain technology. The market research agency highlighted in its report that while major financial institutions have been reluctant to imbibe cryptocurrencies in their existing operations, they have taken a major liking towards…

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Neluns – New generation financial ecosystem

Category: ICO News, Press Releases

Neluns – New generation financial ecosystem

The Neluns team recently announced it’s ICO, which will be held in three stages (rounds): Pre-Sale, Pre-ICO, ICO. The mission of Neluns is to create an innovative financial ecosystem combining within itself a bank that works with fiat as well as cryptocurrencies, a cryptocurrency exchange, and insurance company, thus, creating the most beneficial conditions for the quality development of the…

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Crypto Insurance: A New Trend in the World of Blockchain

Category: Adoption, Business, Crime, Finance, News

Crypto Insurance: A New Trend in the World of Blockchain

The rise of cryptocurrency and blockchain industry has brought along some new trends. Specifically, crypto insurance, and a large number of companies are getting on that bandwagon, both offering and taking insurance on crypto assets. Why theCrypto Industry Needs Insurance Insurance is a somewhat familiar term used in the financial world. Thus, it’s only logical it becomes part of the…

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Cryptocurrency Exchanges Are Finding it Difficult to Buy Insurance

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Tech

Cryptocurrency Exchanges Are Finding it Difficult to Buy Insurance

Cryptocurrency exchanges are currently having a difficult time taking out an insurance policy due to security problems and countless cyberheists. Cryptocurrency Firms and Insurance According to Business Korea, cryptocurrency exchanges are currently in negotiations with insurance companies. The Korean Blockchain Association is in conversation with Hyundai Marine & Fire Insurance Co. and Hanwha General Insurance Co. to understand how cryptocurrency…

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ZhongAn: Insurtech Giant Believes in Blockchain’s Transformational Power

Category: Blockchain, Business, Finance, News, Tech

ZhongAn: Insurtech Giant Believes in Blockchain’s Transformational Power

ZhongAn’s technology officer believes that blockchain technology will have a “tremendous role” when it comes to transforming the insurance sector in China. “Insurance is backed by statistics and blockchain will help to connect that massive and varied data,” said Chen Wei, the head of technology at ZhongAn Online Property and Casualty Insurance, China’s largest online insurer. “It will be used…

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Etherisc to Roll Out Decentralized Insurance Application on Ethereum for Puerto Rico

Category: Ethereum, Finance, News

Etherisc to Roll Out Decentralized Insurance Application on Ethereum for Puerto Rico

Over the years, Puerto Ricans have reportedly become frustrated with delayed and inefficient payouts from insurance companies. A new decentralized insurance application built on the Ethereum blockchain may soon change all of that though. A more transparent insurance system is perhaps the best news for the region since Hurricane Maria, the strongest storm to hit the coastal country in over…

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California Bill Extends Electronic Record Definition to Include Blockchain Signatures

Category: Blockchain, Business, News, Regulation

California Bill Extends Electronic Record Definition to Include Blockchain Signatures

Ian Calderon, a California lawmaker, introduced a bill named Assembly Bill 2658 on February 15, intending to make blockchain signatures and smart contracts legal. The Assembly Member proposed to update state’s electronic record laws by incorporating blockchain signatures and smart contract as part of the legislation. If the bill is passed, it will fall under the Uniform Electronic Transaction Act….

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Insurance Companies Looking to Offer Cryptocurrency Coverage

Category: Commentary, News

Insurance Companies Looking to Offer Cryptocurrency Coverage

The technology underpinning bitcoin is facing doubt regarding the number of hacking and related incidents of fraud on the rise. While the majority is focused on the astronomical gains and subsequent drops in value, there’s another group of hackers working stealthily to find new ways to steal tokens. As it stands, crypto investors have already lost billions from past hacks,…

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