Insurance – Page 17

Lost Your Cryptos to Hackers? Not to Worry, There’s Insurance Now

Insurance companies cover all sectors of the economy, from the manufacturers to the financial industry and even personal property. They have, however, steered clear of the crypto industry, and with good reason. The unpredictability of the industry is comparable to none, from the volatile nature of cryptos which shed and gain billions in minutes, to […]

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Major Insurers Take the Plunge to Underwrite Risk in the Crypto Space

Big-name insurers are increasingly offering crypto-specific coverage for those able to pay the premium, according to a Bloomberg report

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New Platform Provides Insurance for Blockchain Companies

A company has launched an insurance platform which allows blockchain projects to obtain business insurance quotes based on a risk assessment, including legal threats, financial exposure, cyber risk and crime #SPONSORED

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Cryptocurrency Exchange Insurance Policies Remain Difficult to Come By

Running a cryptocurrency exchange may seem easy on paper. In the real world, it is very difficult. Dealing with new users, ensuring operations remain normal, and even obtaining insurance are just some of the struggles these companies go through. Insuring a Cryptocurrency Exchange There is a good reason why any cryptocurrency exchange needs to be […]

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Top 3 Industries About to Be Transformed by Blockchain

Blockchain technology represents an emerging sector and new paradigm of technology whose implications are massive. Speculation aside, it is becoming increasingly clear that blockchain is going to revolutionize a number of industries in national and global economies. Here are three such industries where blockchain-led disruption is imminent. 1. Insurance The insurance industry is a mess, […]

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Deutsche Bank, Allianz, Auto1 Partner to Create Car Financing Blockchain Platform

German online car exchange Auto1 partners with Allianz and Deutsche Bank to create a blockchain-based loan and refinancing platform

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Alibaba-Founded Insurtech Firm Promotes Blockchain Use in Healthcare Industry

Chinese insurtech company ZhongAn, founded in part by Alibaba’s Jack Ma, praises blockchain’s “tremendous role” in creating more efficiency in insurance sector

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Maersk Launches the First-Ever Blockchain Marine Insurance Platform

AP Moller-Maersk, the Danish shipping conglomerate, has launched the first-ever blockchain platform for marine insurance. Known as Insurwave, the platform aims to leverage the blockchain to revolutionize the management of risk in the industry as well as interactions between stakeholders. The platform was built on R3’s Corda blockchain and, as reported by Seatrade Maritime News, it is in commercial operation at consulting firm Willis Towers Watson, insurance companies XL Catlin and MS Amlin, and Maersk itself. Alleviating Inefficiencies Maersk has been trialing the platform and will continue to use it for marine hull insurance after a successful pilot. Insurwave is expected

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Logistics Giant Maersk Starts Using Blockchain Platform for Maritime Insurance

Transport firm Maersk has begun commercially using Insurwave, a blockchain platform based on Microsoft Azure’s distributed ledger tech

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System Error at Korean Crypto Exchange Gave Users Free Coins

System Error at Korean Crypto Exchange Gave Users Free Coins A South Korean cryptocurrency exchange said it suffered an internal system error which affected withdrawals. The exchange claimed that users were able to withdraw five times the number of coins they requested. It is asking for the coins back, and will seek civil liabilities and damages from users who do not voluntarily return the coins. […]

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