NEW YORK–(BUSINESS WIRE)–Nov 7, 2018–BlockRe, the world’s first and leading cryptoasset insurance company, is pleased to announce the first designed to aid in the issuing of insurance policies in the cryptoasset and blockchain space. This solution is one of the only comprehensive third-party risk assessment tools for cryptoassets and blockchain systems currently available in the world today. Created in July, 2018, the tool has been continuously refined to cover nearly 500 points across 18 categories to meet the needs of AM Best A and A+ carriers globally.
BlockRe has been meticulously tracking known loss events and capturing multiple data points for each to validate its underwriting framework. The combination of BlockRe’s world-leading underwriting tool, comprehensive data collection, and industry partnerships has allowed the firm to complete a proprietary actuary analysis to support pricing for cryptoassets—creating one of the few actuarial models in the world built on crypto loss event data.
To that end, BlockRe is planning on releasing a subset of its robust data and analysis on its…
