insurers – DIGIT INFO

11% of US insurers invest — or are interested in investing — in crypto

DIGIT — Thu, 02 Jun 2022 01:01:13 +0000

Of the 328 CFOs and CIOs representing around half of the global insurance industry 6% responded their firm was either already invested or considering an investment into cryptocurrencies.

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Hong Kong Company Onedegree to Offer Insurance for Cryptocurrencies

DIGIT — Sat, 13 Nov 2021 11:30:52 +0000

Onedegree, a virtual insurer based in Hong Kong, will provide insurance services for digital assets as part of a partnership with a local cryptocurrency exchange. By working together, the two firms hope to alleviate concerns discouraging potential investors from entering the crypto market. Onedegree to Underwrite Insurance Policies for Crypto Assets Hong Kong has several […]

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The Big Three Credit Agencies Critique El Salvador’s Bitcoin Adoption — S&P Global Warns of ‘Immediate Negative Implications’

DIGIT — Fri, 17 Sep 2021 22:00:58 +0000

All of the ‘Big Three’ credit agencies have said that El Salvador’s adoption of bitcoin could affect the country’s credit rating in a negative manner. After both Moody’s and Fitch Ratings published reports on the matter in El Salvador, S&P Global said that the bitcoin adoption has had “immediate negative implications for its credit rating.” […]

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Chinese Banks Seek New Applications for Digital Yuan in Investment and Insurance

DIGIT — Wed, 01 Sep 2021 12:00:42 +0000

Two Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment funds and insurance products using the new currency. Chinese Banks Partner With Fund Managers and Insurers in Search of Digital Yuan Use Cases China Construction […]

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Big Three Credit Agency Fitch Warns El Salvador Adopting Bitcoin Will Negatively Affect Insurers

DIGIT — Tue, 17 Aug 2021 15:00:28 +0000

Fitch Ratings, the American credit agency and member of the ‘Big Three’ credit agencies, has published a paper on El Salvador’s adoption of bitcoin and making the crypto asset legal tender in the country. Fitch believes that after the country enforces the new tender law it will face “volatility risk” alongside “regulatory and operating risks” […]

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NYDIG Brings Bitcoin to $6 Trillion Global Insurance Industry — Partners With Starr, Liberty Mutual, New York Life

DIGIT — Fri, 09 Apr 2021 15:30:33 +0000

New York Digital Investment Group (NYDIG), the bitcoin investment arm of Stone Ridge Asset Management, is creating bitcoin-powered products and services for the $6 trillion global insurance industry. The company has formed strategic partnerships with major insurers, including Starr, Liberty Mutual, New York Life, and Mass Mutual. Tapping Into $9 Trillion Insurance Industry NYDIG, a […]

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Big-Name Insurers Stepping Up Their Crypto Game

DIGIT — Sat, 21 Jul 2018 06:05:00 +0000

A growing number of big-name insurers are getting into the crypto space. They are exploring new product options in this area and meeting with cryptocurrency custodians and trading platforms about coverage. However, exclusions can add up fast for crypto businesses and premiums can be more than five times that of a normal business. Also read: Yahoo! […]

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