Breach is a regulated insurance provider that offers tailored coverage solutions for the digital asset marketplace, including theft protection for retail investors and institutional clients through its Crypto Shield and Crypto Shield Pro products. The company addresses the significant insurance gap in the crypto economy by enabling participants to manage emerging risks with a streamlined underwriting process and a proprietary digital platform for policy management.
Funding
$2.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
LVFounders
Product
Problem
The digital asset marketplace faces a significant insurance gap, leaving retail investors, institutions, and platforms vulnerable to theft and loss of crypto assets. Traditional insurance solutions often fail to address the unique risks associated with cryptocurrency, creating a need for tailored coverage.
Solution
Breach provides regulated insurance solutions specifically designed for the digital asset ecosystem, offering protection against theft for both retail investors and institutional clients. Through its Crypto Shield and Crypto Shield Pro products, Breach enables participants to manage emerging risks with a streamlined underwriting process and a proprietary digital platform for policy management. The company's regulated approach fosters trust and prioritizes customer needs, addressing the limitations of existing insurance options in the crypto space. Breach's comprehensive services extend to embedded insurance solutions and innovative risk transfer vehicles, supported by a team with extensive experience in insurance, investment banking, and technology.
Target Audience
Breach serves retail investors seeking theft protection for their digital assets, institutional crypto investors requiring insurance to fulfill obligations to stakeholders, and crypto platforms looking to embed insurance into their business models.
Features
- Crypto Shield: Theft protection for retail investors.
- Crypto Shield Pro: Tailored coverage for platforms and institutional clients, addressing their specific needs.
- Proprietary platform with quote-to-payment technology for efficient policy setup.
- End-to-end digital claims submission process.
- Intuitive dashboard for easy policy management.
- Embedded insurance solutions for crypto partners.
- Captive and other innovative risk transfer vehicles.
- Licensed and regulated by the Bermuda Monetary Authority as a Class IIGB insurer.
- Countrywide licensed as MGA and TPA in the US.