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Lloyd’s Plans To Enter Crypto Insurance Space

Lloyd’s Plans To Enter Crypto Insurance Space

Lloyd's PLANS TO ENTER CRYPTO INSURANCE SPACE-Techcryption

Famous insurance and reinsurance marketplace located in London, Lloyd’s is reportedly preparing to enable crypto holders to protect themselves from hacks and malicious attacks through its cryptocurrency insurance service.

Notably, Lloyd’s has come up with a policy for online wallet theft and hacking attacks defence with flexibility in limits that ranges from £1,000 to £100,000. The insurance expert that has been around for more than 300 years has a syndicate called Atrium and they came up with this policy due to an increase in crypto hacks.

“There is a growing demand for insurance that can protect cryptocurrency as it becomes increasingly popular. It is a testament to Lloyd’s that the market has put together an innovative solution to mitigate these new risks and protect against theft – from physical as well as online vaults – thereby providing customers with peace of mind that their assets are safe.”

Matthew Greaves Atrium’s underwriter
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