Aon has announced what it calls a “first-of-its-kind” offering to secure capital through a collaboration with Nayms, an insurtech platform that supports cryptocurrency investors in insuring crypto risk.
Aon and Nayms will conduct a pilot programme with Teller Finance, a decentralised lending protocol, to highlight the ability to scale cover efficiently by matching assets to liability when underwriting crypto risk. The underwriter will be Bermudian specialist insurer Relm Insurance. The pilot programme will be the first tokenised, or blockchain-enabled, placement of insurance ever conducted with regulated, professional insurance agencies, Aon said.
“Aon is committed to embracing technology and is constantly