Elmore delivers bespoke, focused Blockchain Insurance for firms operating in the DeFi ecosystem:
Blockchain has many revolutionary innovative, disruptive subcategories including DeFi, Crypto, NFTs, Gameify.
A firm operating in one of the blockchain ecosystems needs to trade with the very highest standards, knowing its business is suitably protected.
High value digital assets, custody governance and security, AML, financial crime and sanctions rules and guidance, new distributed ledger technology and systems, complex data, cloud technology, and outsourced service providers exposes a Blockchain firm to an array of risks.e responsibility and increased media attention towards Blockchain firms have focused the importance of effective operational, financial and technology risk management.
“With the backing of experienced Insurers behind a firm operating in the Blockchain and Digital asset space it can trade knowing their balance sheet has critical support should the unthinkable happen.
Crypto firms are increasingly adopting and leveraging advanced technologies to deliver innovative financial products and services. While these innovative technologies present opportunities, they may also pose new sources of risks.”
In the scale up of a FinTech, rapid global expansion requires a coordinated approach to Insurance acquisition. Elmore’s network of established insurance partners around the world allows for a Global Insurance Programme. With the requirement to have local policies while being coordinated by one centralised function it can allow better compliance and visibility into the global requirements
With a captive audience and engaged users why not consider cross selling insurance solutions along side the Crypto firms offering adding value to users, differentiating your offering and brigning a new income stream for the business.
Elmore delivers bespoke and innovative programmes for both consumer and business users, gee in touch to learn more.
We take cybersecurity very seriously and are one of the few practices in the insurance industry to certify with Cyber Essentials. These controls can significantly reduce the risk of unskilled, but widespread, cyberattacks.