In this news article, "cryptoinsurance" is used to mean any kind of liability insurance that is issued to cover the liabilities of a crypto firm, be it exchanges, dealers, brokers, custodians, tech advisors or lenders. The type of liability insurance may include Directors' and Officers' Liability Insurance, Professional Indemnity Insurance and Cyber Insurance.
What has been usually referred to as "cryptoinsurance" generally, is referred to as species insurance in this article. This is where most of the challenges in obtaining cover lie.
The last sentence is a reflective statement. Since insurers have not really been exposed to any claims yet under the new policies that have been issued, the future claims experience will largely determine the type and the amount of coverage available in the future.
Shared On DLIKE
Congratulations @crypto.insurance! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @crypto.insurance! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit