Communications, parametric coverage and managing data are among the applications taking hold

A former deputy governor of the Bank of Canada says that there are inherent governance challenges that come with the cryptocurrency sector that must be addressed.

'Crypto' and 'volatile' currently seem to go hand-in-hand as the insurance cautiously navigates a 'wild west' crypto landscape.

A blueprint for a shared ledger for digital money would include central bank digital currencies, bank deposits and e-money from companies like PayPal — but not unsupervised cryptocurrencies.

Protecting cryptocurrency companies is a challenge for commercial insurers.

The Federal Deposit Insurance Corp. issued the letters ordering the companies to stop making false or misleading representations of deposit insurance.

In a joint statement on Thursday, the Federal Reserve and FDIC said it had issued a letter demanding that Voyager stop making such claims and correct previous statements.

Quantstamp incubated the new insurtech with backing from Munich Re and SOMPO Light Vortex. 

It’s not an obvious time to launch an insurance-like product backed by cryptocurrencies.

The U.S. government has been increasingly concerned about companies making false advertisements to consumers about deposit insurance.

The market for crypto insurance could hit $1 billion soon, some insiders predict.

In other news: Chubb teams up with Betterfly in Latin America; Franklin Mutual partners with vipHomeLink; Aon announces last-mile insurance with CarrierHQ.

In an agenda released on Tuesday, the Federal Reserve and other regulators outlined what issues they plan to focus on as they consider rules for how banks interact with cryptocurrencies. Their priorities include weighing custody, crypto-backed loans and the possibility of capital standards, according to a joint statement.

When Americans gather around the Thanksgiving table this week, the blistering rally in technology, electric vehicles and crypto-related stocks is likely to be a part of their conversations.

Cryptocurrencies have faced a bumpy road to gaining acceptance from the U.S. financial system.

The agency has been working with the Federal Reserve and the Office of the Comptroller of the Currency to coordinate policies for how and under what circumstances banks can engage in activities involving crypto assets, FDIC Chairman Jelena McWilliams said at a conference Monday.