Metaco Offering Crypto Custody Insurance via Giant Broker Aon
Aon, the world’s second-largest insurance broker by revenues, has lined up a panel of insurers to provide cryptocurrency coverage for clients of Metaco, a digital asset custody technology firm.
Blockchain in Insurance Market is Expected to Grow up to 70% Year-over-Year for the Next Decade.
Blockchain can make a significant impact on the insurance industry. Claims processing management is an error-prone procedure that requires significant manual data entry and coordination between different parties. This takes time and money. By allowing policy holders and insurers to track and manage physical assets digitally, blockchain technology can codify business rules and automate claims processing.