Insurance and reinsurance broker Aon, working with cryptocurrency and smart contract focused insurtech start-up Nayms and Bermuda specialist insurer Relm, aims to open up the capital markets to digital asset risk, to source risk capacity for the burgeoning crypto space.
digital-assetThere have been a number of initiatives that have looked into leveraging crypto protocols such as Bitcoin or Ether, as a way to enable institutional investors to support cryptocurrency insurance products.
Typically these have involved sale of niche tokens to support a pseudo sale of an insurance-linked security (ILS), of sorts, but in the majority of cases these have failed to source any significant amount of capacity.
