Relm Insurance Launches Web3 Product Suite

The suite of five products five products directly address risks faced by cryptocurrency exchanges, asset managers, technology developers, miners, token issuers, institutional staking providers, and others.

(Image credit: Adobe Stock.)

Relm Insurance (West Hamilton, Bermuda), a specialty insurance carrier supporting emerging industries, today announced the release of a novel product suite, providing tailored, end-to-end insurance coverage for clients immersed in Web3 technologies. Relm has introduced five products directly addressing the risks faced by cryptocurrency exchanges, asset managers, technology developers, miners, token issuers, institutional staking providers, and others.

Joseph Ziolkowski, founder and CEO, Relm.

“Given our deep experience in Web3, we now have the tool kit and IP to maximize the accessibility of the most important insurance coverages that companies operating in Web3 will need to scale their business,” comments Joseph Ziolkowski, founder and CEO, Relm CEO. “These new products illustrate our ongoing commitment to comprehensive and bespoke solutions for innovative companies.”

“We took a consultative approach to creating these products, leveraging dialogue with our clients and practitioners to meet the idiosyncratic risk transfer needs of companies utilizing Web3 technologies,” comments Claire Davey, Head of Product Innovation & Emerging Risk, Relm. “We are proud of this product suite and believe that its thoughtful and specific approach will ensure the relevancy of the insurance industry in the landscape of rapidly evolving risk.”

Relm says it has taken a flexible underwriting approach is taken with the new suite of products, managed and serviced by an experienced, tech-forward team, with options to pay premiums in fiat or cryptocurrency. The products are:

  • SIGMAWEB3: A specialist, multi-line package policy for organizations operating with Web3 technologies.
  • ALPHAWEB3: coverages for digital asset fund or investment managers.
  • NOVAWEB3: Cyber and Technology Errors & Omissions coverage for organizations providing Web3 technology services or products.
  • VISTAWEB3: Digital and physical crime coverage for organizations holding digital assets
  • AURAWEB3: Reimbursement coverages for organizations staking on the ETH 2 Beacon Chain.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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