Lloyd's launches crypto insurance services

Pedro Gonçalves
clock • 2 min read

Insurance giant Lloyd's of London launched a new insurance policy to protect cryptocurrency held in online wallets against theft from hacks. Limits, from as low as £1,000, are flexible to take into account the price changes of crypto assets. A Lloyd's syndicate — a group of underwriters — called Atrium devised the policy in response to a surge in reports of the hacking of cryptocurrency accounts in in conjunction with Coincover. "There is a growing demand for insurance that can protect cryptocurrency as it becomes increasingly popular," Atrium underwriter Matthew Greaves, said. "It...

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