PriyaPatel
TLDR:
- Relm Insurance launched a new product suite customized for clients in Web3 technologies.
- The suite includes five distinct products catering to various aspects of the industry.
Relm Insurance has introduced a new product suite specifically tailored for clients involved in Web3 technologies. This suite of products aims to provide comprehensive insurance coverage for companies operating in the Web3 space, including cryptocurrency exchanges, asset managers, technology developers, miners, token issuers, and institutional staking providers. The new products are a response to client demand and technological innovation, reflecting Relm Insurance’s commitment to offering bespoke solutions for innovative companies.
The suite includes five distinct products: SigmaWeb3, a specialist package policy for organizations utilizing Web3 technologies; AlphaWeb3, offering coverages for digital asset fund or investment managers; NovaWeb3, providing Cyber and Technology Errors & Omissions coverage for organizations in the Web3 technology sector; VistaWeb3, offering digital and physical crime coverage for organizations holding digital assets; and AuraWeb3, providing reimbursement coverages for organizations staking on the ETH 2 Beacon Chain.
According to Joseph Ziolkowski, CEO and Founder of Relm Insurance, the company’s deep experience in Web3 technologies has equipped them with the necessary tools and intellectual property to offer essential insurance coverages for businesses looking to scale in the Web3 space. The product suite has been developed through a consultative approach, engaging with clients and practitioners to address the unique risk transfer needs of companies operating in the Web3 sector.
By offering a flexible underwriting approach and allowing premium payments in both fiat and cryptocurrency, Relm Insurance aims to make these products accessible to a wide range of clients. The suite is managed by an experienced, tech-forward team, ensuring relevant and comprehensive insurance coverage in a rapidly evolving risk landscape.
The launch of this Web3 product suite underscores Relm Insurance’s commitment to providing tailored solutions for emerging and innovative industries, further solidifying their position as a leading specialty insurance carrier in the market.
