Insurance Archives

Insurance

Nexus Mutual

Ethereum-Based Nexus Mutual Expands Its Decentralized ‘Insurance’ to Centralized Exchanges

Ian AllisonJan 12, 2021

A way to be covered in the event of an exchange hack.

Cover Protocol

Who Insures the Insurer? Cover Protocol Attack Exposes DeFi’s Promise and Peril

Michael J. CaseyDec 28, 2020

DeFi insurer Cover Protocol, designed to reduce smart-contract failure risks, was exploited by a bug in its smart contract on Monday morning.

DeFi

Insurance Giant Aon Is Testing the Waters of DeFi

Ian AllisonMar 3, 2021

Aon has shaped insurance policies around cryptocurrency cold storage. Now it's eyeing the red-hot DeFi space.

DeFi

Polkadot-Based DeFi Insurance App Raises $1.95M Led by KR1

Brady DaleDec 22, 2020

Tidal will use the Polkadot blockchain to allow users to insure a set of DeFi applications against smart-contract failure or breaches.

Insurance

eToro Adds Insolvency Insurance Policy – Crypto Users Not Included

Daniel PalmerNov 2, 2020

The free insurance scheme covers customers for up to £1 million if the firm should ever become insolvent. But crypto holders are left out in the cold.

Insurance

Bitstamp Adds Crypto Crime Insurance for Assets Held Online

Sebastian SinclairOct 19, 2020

The new policy means user funds are protected both on- and offline.

Derivatives

Chainlink to Provide Data for Farming Insurance Startup Arbol

William FoxleyAug 19, 2020

Chainlink will provide climate data for insurance startup Arbol’s weather derivatives. Small to medium sized firms can use the Ethereum-based dapp for hedging natural events.

Insurance

Morgan Creek Leads $2.8M Seed Round for Crypto Insurance Upstart Evertas

Ian AllisonJul 15, 2020

Formerly called BlockRe, the crypto insurance provider raised the seed round from Morgan Creek,Plug n Play, Kailash Ventures and other investors.

DeFi

Business Is Booming for DeFi Insurer Nexus Mutual Ahead of Ethereum 2.0

Ian AllisonJun 15, 2020

Nexus Mutual, an alternative insurance provider for a variety of Ethereum-based DeFi protocols, has seen its risk pool double over the past 90 days to more than $4 million.

Insurance

Bakkt Announces New Insurance Coverage, Claims More Than 70 Custody Clients

Nikhilesh DeMay 18, 2020

Bakkt has onboarded 70 clients to its custody services, and signed a deal with insurance broker Marsh to provide customers with an optional extra $500 million of coverage.