Why insurance is the deal-maker for crypto growth

27-05-2022

Why insurance is the deal-maker for crypto growth

Ben Davis, digital asset team leader; Dan Ross, digital asset underwriter, Superscript

If you think crypto is just for criminals or a passing fad, think again, say the team at insurtech Superscript, as they discuss the insurance opportunities in this growing line of business.

Crypto is on the verge of going mainstream and when it does it will bring with it a swathe of growth opportunities for the insurance industry, according to Ben Davis, digital asset team leader, and Dan Ross, digital asset underwriter, at SME-focused insurtech Superscript.

The duo, who have launched a dedicated insurance product for crypto businesses, are excited by the market’s potential for more growth. So far growth has come about in spite of crypto’s poor image, intangible nature and opaque terminology such as distributed ledger technology, blockchain and digital assets.

Technically crypto is defined as a cryptocurrency that is a digital asset that can circulate without the need for a central monetary authority such as a government or bank. Well-known examples include Bitcoin, Ether and Dogecoin. Non-fungible tokens (NFTs) are generally built using the same kind of programming as cryptocurrency. 


Superscript, Crypto, Technology, Insurance, Reinsurance, Ben Davis, Dan Ross, UK

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