Retail Crypto Insurance?
The latest to enter the fray of profiting off of cryptocurrency are the underwriters at Lloyd’s of London with insurance for retail and corporate customers to protect their crypto:
Retail Crypto Insurance: Protecting Crypto Holdings Becoming Mainstream
Insurance underwriters associated with Lloyd’s of London are now backing a new liability policy designed to protect cryptocurrency stored in online wallets. With a modest minimum of 1,000 British pounds ($1,275) in protected assets and rather flexible terms, the product seems to be geared for retail and corporate investors. But who is behind the novel service, and how will the policy work?