Aon Digital Asset Insurance Description
Aon's Digital Asset & Blockchain Team possesses unmatched knowledge in risk management and transfer solutions within this complex industry. They facilitated the introduction of the inaugural Crime policy specifically designed to address cryptocurrency risks and led the way in developing the first cryptocurrency captive, while also establishing benchmarks for the actuarial assessment and analysis of digital assets. The landscape of digital asset risks presents significant challenges, as the market struggles to meet the overwhelming demand. To bridge this gap, Aon has organized a series of informative events aimed at educating global insurance partners, thereby increasing the capacity accessible to companies dealing in digital assets. Additionally, they offer specialized Crime and specie insurance solutions to protect against the theft of digital assets, further solidifying their commitment to this evolving sector. This proactive approach not only fosters a better understanding of the risks but also enhances the overall resilience of the digital asset market.
Aon Digital Asset Insurance Alternatives
Insured Finance
A decentralized P2P marketplace for insurance that allows you to make claims quickly and receive instant payouts. Insured Finance, which is underpinned by the Polygon network and a P2P marketplace for insurance, is a P2P marketplace. Market participants can request or provide coverage for a wide range of cryptocurrency assets. Claims can be fully collateralized and payouts made immediately. Protect yourself against bugs and smart contract exploits Smart contract attacks have caused the loss of tens of millions of dollars. These events can be protected by Insured Finance. Hackers have caused the loss of hundreds of millions in USD. Users of Insured Finance can insure their holdings on cryptocurrency exchanges. Users with coverage will be compensated if the exchange is compromised or goes bankrupt. The stablecoin market is now worth more than $25 billion. Stablecoins are still vulnerable to security breaches and issuer bankruptcy. Stablecoin failure can be prevented by Insured Finance users.
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BitGo
BitGo is the first digital asset company that has been focused exclusively on serving institutional clients since 2013. BitGo provides institutional investors with custody, staking, liquidity and security solutions. Active in both centralized and decentralized finance, BitGo offers market leading trading, lending, and borrowing services through its prime brokerage services and acts as the custodian for WBTC, the leading global stablecoin for Bitcoin.
In 2020, BitGo launched BitGo Prime, Portfolio and Tax, providing clients with a full-stack solution for digital assets. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. Most recently, BitGo launched institutional-grade DeFi, NFT and web3 services. BitGo processes approximately 20% of all global Bitcoin transactions, and supports over 700 coins and tokens. BitGo’s customer base includes the world’s largest cryptocurrency exchanges and institutional investors and spans more than 50 countries.
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Evertas
Evertas, the crypto insurance specialist, works with your brokers in order to provide comprehensive coverage, including theft/loss and D&O. Evertas will work with your brokers in order to find the right coverage. NFTs and DeFi are emerging crypto risks that can be difficult to find coverage. Evertas is the strategic partner for anyone considering entering this market. Evertas is the most experienced in this area and can help you enter this market safely and profitably.
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Ensuro
Ensuro aspires to be the first fully licensed, decentralized insurer. This will bring the DeFi revolution one step further. Ensuro will allow everyone to join its liquidity pools, based on their time and resources. This capital will support insurance products and create a stream revenue stream for liquidity providers. Through a Liquidity Pool managed by smart contracts, Ensuro collects capital form Liquidity Providers both institutional and retail. This capital is collected in the form cryptographic stablecoins and provides underwriting capacity to Insurtech companies that operate in the parametric insurance sector. The Liquidity Pool capital is used to fund Decentralized Finance Protocols like AAVE and Compound. These protocols are low-risk due to the high liquidity and overcollateralized loans. They also offer greater returns than traditional risk-free assets.
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Company Details
Company:
Aon
Headquarters:
United Kingdom
Website:
www.aon.com/industry-expertise/financial-institution-risk-management/digital-assets-and-blockchain-cryptocurrencies.jsp
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Product Details
Platforms
SaaS
Types of Training
Training Videos
Customer Support
Online Support
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