World’s 2nd largest insurance broker offers institutions crypto insurance

posted 12 months ago
Aon, the world’s second-largest insurance broker by revenues, lined up a panel of insurers to provide cryptocurrency coverage for clients of Metaco, a digital asset custody technology firm.

The group of mostly European insurers will offer an insurance product to institutions using Metaco’s SILO solution for so-called hot and cold (online and offline) wallets. According to Aon, the policies cover losses on everything from natural disasters destroying the private keys kept offline in cold storage to third-party hacks of hot wallets connected to the internet.
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