Crypto Insurance
New solutions leveraging AI and blockchain primitives are needed to meet increasing environmental and cyber risks where demand for insurance against these events is outpacing supply.
- Worldwide storms is 2022 caused more than 130 billion U.S. dollars in damage.
- Cyber crime is predicted to cost the world USD 8 trillion in 2023.
The reinsurance market was valued at $560 billion as of 2022.