Digital Assets and Insurance (June 2025)

As digital assets—ranging from cryptocurrencies and stablecoins to tokenised securities and NFTs—move closer to mainstream adoption, the question of how to insure them is becoming increasingly relevant. While the underlying technology continues to evolve, the insurance industry faces a distinct set of challenges in understanding, pricing, and underwriting these intangible risks.

This study provides a grounded and practical analysis of the current state of insurance for digital assets. It sets out the main types of digital assets and how they operate, the principal risks they present, and the existing insurance products developed in response. Particular attention is given to custody, theft, valuation concerns, regulatory uncertainty, and the role of underwriting standards.

In addition to technical analysis, the book includes interviews with practitioners actively involved in the placement, underwriting, and claims handling of digital asset risks. It also outlines the limitations of current offerings, the role of reinsurance, and how market participants are positioning themselves in a small but fast-developing niche.

Whether you’re an insurer, reinsurer, broker, regulator, investor, or digital asset entrepreneur, this book - written by practitioners - is an essential guide to understanding the insurance implications of one of the most dynamic areas of modern finance.

If you are a contributing author to this publication, to obtain a more advantageous discount, please contact Susan Phillip - susan.phillip@cii.co.uk