Crypto Insurers Poised to Profit

Discussion in 'Crypto Assets' started by ETJ, Sep 9, 2019.

  1. ETJ

    ETJ

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    Crypto Confidential
    Forbes Staff
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    The Lloyd's of London insurance marketplace is one of the key players capitalizing on the demand for cryptocurrency insurance.

    ASSOCIATED PRESS
    CRYPTO INSURERS POISED TO PROFIT
    With the value of all cryptocurrency assets hovering near $300 billion and hacks continuing unabated, demand for insurance is rising rapidly. Companies like Lloyd’s of London, Aon and the cyber security insurance startup Coalition are reaping the rewards.

    Two years ago, the market for crypto insurance was “non-existent,” Coalition CEO Joshua Motta says. Today he thinks it’s worth between $200 and $500 million in premium revenue. And there’s plenty of room for growth: With $300 billion in crypto assets on the planet and less than $1 billion in available insurance coverage, there’s still a huge imbalance between supply and demand.


    CRYPTO MARKETS
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    SOURCE: MESSARI. PRICES AS OF 4:00 P.M. ON SEPTEMBER 6, 2019.


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