Munich Re Insures Curv’s Crypto Wallet To the Tune of $50 Million

Munich Re Insures Curv’s Crypto Wallet To the Tune of $50 Million

Crypto security company Curv has obtained up to $50 million of insurance coverage for its institutional customers from reinsurance giant Munich Re. The coverage, announced Friday, is an add-on to the Tel Aviv-based Curv’s Institutional Digital Asset Wallet Service, “Curv will have the financial capability to pay for losses of crypto assets,” the partners said in a press release Tuesday.
Bakkt Acquires Crypto Custodian, Partners With BNY Mellon on Key Storage

Bakkt Acquires Crypto Custodian, Partners With BNY Mellon on Key Storage

Pending bitcoin futures exchange Bakkt has acquired the Digital Asset Custody Company (DACC), secured insurance for assets it will hold in cold storage and revealed a partnership with BNY Mellon. Adam White, the former Coinbase executive turned Bakkt COO, wrote in a blog post Monday that it acquired DACC to continue developing a secure digital asset storage solution.
Accenture, Generali Streamline Employee Insurance Benefits With Blockchain Rollout

Accenture, Generali Streamline Employee Insurance Benefits With Blockchain Rollout

Professional services firm Accenture and Italian insurance group Generali have launched a blockchain solution that brings employee benefits into the digital age. The product is aimed to streamline Generali’s Employee Benefits Network offerings, including insurance cover for life, disability, accident and healthcare, the two firms jointly announced Tuesday.
$255 Million: Coinbase Confirms Extent of Crypto Insurance Coverage

$255 Million: Coinbase Confirms Extent of Crypto Insurance Coverage

Coinbase has revealed the details of its insurance arrangements for cryptocurrency held on customers’ behalf, a rare move in an opaque market. In a blog post published Tuesday, Philip Martin the exchange’s vice president of security, confirmed that it is covered for up to $255 million for coins held in so-called hot wallets – in other words, assets which are essentially online and open to potential hacks.
ANZ and IBM Build Blockchain Solution for Insurance

ANZ and IBM Build Blockchain Solution for Insurance

The Australia and New Zealand Banking Group (ANZ) has announced a blockchain solution aimed to improve efficiency in the insurance industry. Working with tech giant IBM and financial services firm Suncorp New Zealand, ANZ is building a blockchain-based platform aimed to ease the transfer of data and premium payments between brokers and insurers, ultimately making processes faster and more transparent, a press release published Monday states.
New Exchange Security Scoring Model Offers Insurance Rates for Coin Holders

New Exchange Security Scoring Model Offers Insurance Rates for Coin Holders

International cybersecurity solutions provider Group-IB has come up with a scoring model to grade crypto exchanges based on their level of security. The scoring model was created by Group-IB in conjunction with Swiss-based Cryptolns (which is operated by Swiss insurance broker APIS AS), and the grading is intrinsic to CryptoIns’ new cryptocurrency exchange insurance, which will allow exchange users to cover up to 15 BTC worth of digital assets held in their exchange accounts.

Nationwide Insurance Rolls Out Proof of Insurance on the RiskBlock Blockchain

The Institutes has announced a new blockchain framework called RiskBlock to provide more streamlined and secure proof of insurance.
Stratumn, Deloitte Trial Blockchain Platform with 14 European Insurers

Stratumn, Deloitte Trial Blockchain Platform with 14 European Insurers

Blockchain startup Stratumn has announced the completion of a blockchain proof-of-concept trial involving 14 insurance companies. The trial was piloted by the French Federation of Insurers and received support from "Big Four" accounting firm Deloitte, according to a press release issued Thursday. As described, the initiative set out to examine blockchain's potential in streamlining insurance industry notification dispatches in accordance with Frances new "Hamon Law" – legislation that enables consumers to switch insurers at any time after the first year, sometimes within 30 days.
Allianz Unveils Blockchain Prototype for Self-Insurance Products

Allianz Unveils Blockchain Prototype for Self-Insurance Products

Global insurer Allianz has unveiled a new blockchain prototype focused on "captive" insurance policies. The prototype, the firm announced today, is aimed at providing a more streamlined approach for captive or self-insurance policies. With this type of product, a company will essentially insure themselves and their subsidiaries versus a more traditional policy purchase.
AIA and AIG Join B3i as Blockchain Consortium Adds 23 Members

AIA and AIG Join B3i as Blockchain Consortium Adds 23 Members

Major insurance groups AIG and AIA are among 23 new members of the B3i blockchain insurance consortium. The new slate of entrants was unveiled earlier today, drawing in members from Asia, the Middle East and North America, among other regions. B3i initially launched in October of last year, backed by a group of notable European-based insurers that included Allianz, Aegon, Swiss Re and more.

Change Healthcare Announces Enterprise Blockchain Solutions on Hyperledger Fabric

Today, at the Distributed: Health 2017 conference in Nashville, Tennessee, Change Healthcare announced blockchain solutions on an enterprise scale. According to the company, which is one of the major independent healthcare technology providers in the U.S., the utilization of blockchain technology will help their clients in boosting revenue cycle efficiency, improving real-time analytics, cutting down costs and creating “innovative new services.