Mark Karpeles, Mt. Gox CEOAs a result of this "accident prone" asset class, major players in the insurance and finance industry believe that the future for crypto insurance is bright. As Bloomberg notes, a representative from Allianz said it "could be a big opportunity." Which is why Allianz is offering the product. In addition, two other major crypto-insurance shops - Marsh & McLennan and Aon - said business has been booming over the last year.
What is the next step when you have a speculative asset whose value may go to zero (or $250,000 ) in the near future? Why start writing insurance policies on it, of course! That's the line of logic employed in the world of cryptocurrencies, as the newly formed crypto insurance business is booming. To be sure, there is ample demand and soaring interest in crypto insurance, according to Bloomberg. After all, with fat premiums and no insurer on record to date of ever paying out a claim, why wouldn’t there be?
https://www.zerohedge.com/news/2018-07-22/cryptocurrency-insurance-business-booming
