FIN.

Lloyd’s launches new cryptocurrency wallet insurance solution

A Lloyd’s syndicate has launched the first liability to protect against losses arising from theft of, or malicious hacks to, cyptocurrencies held in online wallets.

The policy will have dynamic limits that increases or decreases in line with the price changes of crypto-assets, meaning that an insured will always be indemnified for the underlying value of their managed asset even if this fluctuates over the policy period.

 

FIN. Team