Evertas, the world’s first cryptoasset insurance company, says investment firms and exchanges focusing on cryptoassets could fail to meet the insurance requirements set by regulatory bodies because of a lack of capacity from insurers for covering these assets and a poor understanding of the risks associated with them. Evertas has analysed Hong Kong’s Securities […]
Evertas, the world’s first cryptoasset insurance company, says the risks associated with cryptoassets are more complicated that the insurance sector perceives. These complexities have contributed to inconsistent underwriting based on factors outside of the risk such as […]
On April 10, 2020, Prudential Financial, Inc. (PRU; A3 stable) announced it had signed a definitive agreement for sale of The Prudential Life Insurance Company of Korea (POK), its Korean life insurance operation, to KB […]
Money, religion and love are all abstract concepts. They only have a value when enough people believe in them, which is one reason why the adoption of banknotes – or promissory notes as the fledgling […]
Evertas, the world’s first cryptoasset insurance company, has announced plans to launch a Managing General Agent (MGA) that specializes in cryptoasset-related theft/loss coverages. “The time is now to start expanding the insurance infrastructure that the cryptoasset space so desperately needs in order to continue […]
The latest financials from Royal London show that a loss in 2018 was turned into a healthy profit of £436m before tax in 2019. Net asset management revenue went up by 29%, which offset a […]
Mercer’s Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies increased from £57bn at the end of January 2020 to £68bn on […]
Evertas, the world’s first cryptoasset insurance company, believes there is less than 0.5% of capacity in the world’s insurance market to cover the value of cryptoassets globally. The company estimates the global insurance industry only […]
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