insurance News

Regulatory hurdles may slow down the development of the defi sector, but it is already here and is effecting serious change.

Caitlin Long, the CEO of Custodia bank, said in a recent interview with CNBC that investing in bitcoin (BTC) is an insurance policy given its incredible performance amidst an ongoing bank crisis.  In the interview, Long said that although she…

Amid the troubles surrounding cryptocurrency lender Voyager Digital, United States banking regulatory bodies have ordered the company to correct misleading statements suggesting that customers’ funds were FDIC-insured.  FDIC and the Fed Call Voyager’s Insurance Claims “False and Misleading” A joint…

Aon is joining forces with Nayms and Teller Finance to conduct a distributed ledger technology (DLT) pilot on the public Ethereum blockchain. The first-of-its-kind pilot aims to create robust insurance cover for decentralized finance platforms, according to a press release…

RiskStream, Liberty Mutual, Nationwide and some other insurance market participants are developing a blockchain proof insurance solution. The team says the solution is designed to facilitate quick and seamless verification of insurance coverage, according to a LedgerInsights report on January…

Analysts at Wall Street Banking giant JPMorgan are predicting an increase in institutional Bitcoin (BTC) investment from insurance companies and pension funds. In recent months, BTC has become something of a coveted investment vehicle on Wall Street with several publicly-listed…

Infosys, an Indian multinational corporation that offers its clients information technology services and more, has launched three distributed ledger technology (DLT) based solutions aimed at enhancing government services, supply chain, and insurance, according to a press release on December 18,…

Welsh startup Coincover, which specializes in digital asset insurance, has been selected by the UK’s Department for International Trade (DIT) as one of the best insurtech companies for their 24/7 crypto-monitoring service. Secure Your Crypto, Even Online One of the…

The newest buzz in blockchain development is leaning towards implementations on an enterprise level. Allianz Global Corporate & Speciality SE (AGCS) has confirmed they are building a tokenized ecosystem to utilize the blockchain for insurance payments. This adds to the…

According to industry sources, Coinbase could be planning to open a captive insurance company with the help of AON. The alleged new insurance fund will benefit from a fully regulated framework that will allow the crypto exchange to capitalize on…

According to a Forbes article published on June 19, 2019, insurance giant Metlife is considering leveraging the Ethereum blockchain to disrupt the $2.7 trillion life insurance industry. Simplifying Life Insurance The insurance industry is ill-reputed for its excessive paperwork and…

Coinbase users have another reason to sleep well at night as the exchange revealed on April 2, 2019, that they have taken out insurance for up to $255 million of the funds in their hot wallets. Covered Most, if not…

Acre, a blockchain powered mortgage startup based in the UK, has secured a GBP 5 million investment from Aviva Insurance and Sesame Bankhail Group (SBG), a financial advisor, to enable it to grow the platform further. This according to a…

State Farm, a large group of United States-based insurance and financial services firms offering automobile insurance products, loans and more, has announced on December 10, 2018, that it’s testing a distributed ledger technology (DLT) based solution that could help speed…

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…

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…