Live Insurance News

Bitcoin insurance arrives at Mitsui Sumitomo

November 29, 2016November 25, 2016 Marc

The Japanese insurer has announced a new product line providing coverage for domestic cryptocurrency. Mitsui Sumitomo, an insurer from Japan, has announced the launch of a line of Bitcoin insurance products. The goal is to provide coverage for the domestic cryptocurrency market. These types of digital currency are providing new opportunities for markets and conventional businesses in the country. The insurance industry has been seeing a considerable boost in demand as a result of Bitcoin-like currencies. Mitsui Sumitomo clearly intends to ensure it will not miss opportunities in these areas.…

Bitcoin companies are beginning to rely on the insurance industry

June 18, 2015June 17, 2015 S.Vagus

Insurance industry is playing a larger role in the world of digital currencies Lloyd’s of London has released a new report that highlights the risks associated with digital currency, particularly Bitcoin. These currencies are becoming more common throughout the world, being used to purchase products online. In the case of Bitcoin, volatility is a very serious concern, as the value of a single Bitcoin fluctuates wildly on a regular basis. The report from Lloyd’s of London is meant to shed some insight on the risks associated with insuring businesses based…