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Is cryptocurrency insurance a good idea?

While firms in the cryptocurrency ecosystem can make bold claims about the security surrounding clients’ digital assets, insurance adds considerable weight to their assertions. We regard “insurance as an external seal of approval,” says Higgs.

Why do digital assets and cryptocurrencies need a risk-transfer solution?

Digital assets and cryptocurrencies are perceived to have heightened exposures including: regulatory uncertainty; theft of corporate or customer assets; high volatility; limited loss history data; etc. These unique exposures require innovative risk-transfer solutions.

Is cryptocurrency a good investment?

While robust security is imperative for anyone wishing to hold digital assets, insurance is also helping to reduce the risk to investors. It’s easy to see why cryptocurrency is an attractive target for criminals as it is relatively easy to misappropriate.

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