DA Insured provides specialized crime insurance for digital asset custodians, addressing the significant coverage gap where approximately 99.65% of digital assets held by the top custodians remain uninsured. Utilizing data-driven risk models and analytics, the company facilitates informed underwriting to protect against financial losses from unauthorized transfers and other custody-related risks.
Funding
$60K 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.
Founders
Product
Problem
Digital asset custodians face a significant risk of financial loss due to unauthorized transfers resulting from crime, yet a large percentage of custodied digital assets remain uninsured against such threats. This coverage gap exposes custodians to potentially devastating financial consequences from internal fraud, external hacking, or other malicious activities.
Solution
DA Insured provides specialized crime insurance policies tailored for digital asset custodians, mitigating financial losses stemming from unauthorized digital asset transfers. The company offers comprehensive coverage against a range of custody-related risks, including the extraction of cryptographic secrets, circumvention of security controls, and both manual and technical errors. By leveraging data-driven risk models and analytics, DA Insured facilitates informed underwriting, providing effective risk transfer and financial protection for custodians, banks, and exchanges holding digital assets. The company's policies cover attack vectors such as internal and external fraud, collusion, authorized third parties, external hackers, and ex-employees.
Target Audience
The primary target audience includes digital asset custodians, banks, and exchanges that require crime insurance to protect against financial losses from unauthorized transfers of digital assets.
Features
- Crime insurance coverage for financial losses resulting from unauthorized digital asset transfers due to crime.
- Protection against key risks, including extraction of cryptographic secrets and circumvention of controls.
- Coverage for attack vectors such as internal and external fraud, collusion, and external hackers.
- Streamlined digital process for policy management through a single client portal.
- Explicit coverage terms for transparent policy understanding.
- Backed by A-rated London Market capacity.