The Metaverse and Insurance: How Will it Work?

In tech circles, you may have heard whispers of the mysterious-sounding “Metaverse.” Facebook unveiled its plan to go “Meta” in October 2021, but there are swirling uncertainties as to the actual features and implementation of this new technology, which promises a level of virtual reality and interconnectability that was previously unimaginable. Large amounts of capital are being pumped into the Metaverse. It could even become an integral part of Web 3.0, together with blockchain and Bitcoin. When it comes to regulatory issues like insurance concerns, however, it can be difficult…

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Nationwide announces the launch of a new digital insurance platform

Digital insurance platform - Woman using smartphone and laptop

The insurer has made the move in order to respond to a rising trend of consumer digital expectations. Nationwide has announced the launch of a new digital insurance platform. This has been a long awaited move by the company, which is responding to the growing need for digital options from a new generation of consumers. The new digital platform is called Spire, and it will officially launch before this year is complete. The Fortune 100 giant, based in Columbus, Ohio intends to make its digital insurance platform available to its…

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Can Peer to peer insurance startups really insure a home for $35?

peer to peer insurance P2P

P2P companies are beginning to cause a disruption in an industry worth over a trillion dollars. New peer to peer insurance startup strategies that had never earned much notice are starting to become disruptive to the industry. Among those new insurers is Lemonade, a peer to peer lender. It recently obtained its New York state license as an insurance carrier. Lemonade will be selling exceptionally inexpensive homeowners and renters insurance. The intention of the new Lemonade peer to peer insurance company is to sell policies for well below the standard…

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Bitcoin insurance now available to businesses

Bitcoin insurance industry news

Up to $5 billion in coverage is now being offered by a provider to protect companies. Companies that have been hoping to be able to open up to new types of currency and payments opportunities but who would also like to minimize the risk connected with doing so will now be able to obtain Bitcoin insurance from another provider, as Great American Insurance Group has announced that it is offering this type of protection. This virtual currency has been creating quite a stir but is maintaining its growth in adoption.…

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Bitcoin insurance may provided much needed security to holders of digital currency

Bitcoin insurance industry news

Insurance coverage for Bitcoin is gaining more attention Despite its volatility, Bitcoin continues to grow as an attractive currency for those that are becoming more involved in the digital world. As the digital currency gains more momentum, the need to provide it with some form of security becoming greater. Bitcoin insurance is beginning to gain popularity among firms that deal in the digital currency. The benefits of insurance protection have recently been highlighted due to the shutdown of two major Bitcoin firms due to hacking and other problems. Firm launches…

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