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Lloyd's of London, crypto startup Coincover to launch insurance product

Tuesday 10 March 2020 15:03 CET | News

Lloyd’s of London, a UK-based insurance market, has partnered with Coincover for launching an insurance policy to protect cryptocurrency held in online wallets against theft or other hacks.

Coincover is a fintech/insurtech startup in Cardiff, supported by Development Bank of Wales and Welsh Angel Investors, that assists businesses and consumers to buy, hold, accumulate, transfer, and spend cryptocurrency. It was launched at the beginning of March 2020, backed by a consortium of Lloyd’s of London insurers.

Coincover also provides a service named ‘Cryptocurrency Wills’ which ensures that investors’ relatives can retrieve cryptocurrency investments in the event of their death.
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Keywords: Lloyd’s, London, insurance, cryptocurrency, startup, Coincover, UK, crypto wallets
Categories: DeFi & Crypto & Web3
Companies:
Countries: United Kingdom
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DeFi & Crypto & Web3