The former focuses on losses involved in crypto insurance, Martin theft, fraudulent crypto and fiat transfers, and so forth.
This is the second new insurance product to be backed by PIF members in recent months. Big-name insurers such as AIG, Allianz , Chubb, and XL Group are also reported to have been tailoring their coverage options for crypto businesses, charging reportedly higher premiums to account for the ostensibly higher risks as compared with the traditional corporate sector. It offers the efficiencies of shared resources and services in a marketplace that covers and shares risks from more than territories, in any industry, at any scale. The former focuses on losses potentially caused by hacking, insider theft, fraudulent crypto and fiat transfers, and so forth. Coincover was founded in with the aim of making owning cryptocurrency safer and more accessible for all.
