Introduction
DA Insured is proud to announce the launch of its digital asset crime insurance product. The solution is tailored specifically for digital asset custodians and exchanges and focuses on their exposure to financial crime and manual error.
Traditional insurance products struggle to address the complexities of digital asset custody risks, often leading to inappropriate and inadequate coverage being offered. DA Insured, a company founded by professionals from inside the digital assets industry, understands the dynamics of the digital assets space, the very real challenges that the market faces and the need for straight forward insurance solutions to address those needs.
DA Insured’s product offers explicit crime coverage for unauthorized transfers of digital assets. Unlike generic policies, this solution is built from the ground up with the unique needs of digital asset custodians in mind.
The Story Behind DA Insured
DA Insured was founded in 2023 and accepted into Tenity, the Zurich based InsurTech / FinTech accelerator. In 2024, Cointelegraph awarded DA Insured 1st Place in Crypto 2030 Davos Disruptors Guardians of Trust category. Delivering on plan, DA Insured is now launching its innovative Crime Insurance solution for digital assets custodians and exchanges supported by A-rated London underwriters.
Founder Alistair Heggie, former MD for operational risk management at UBS and COO at AMINA Bank, one of Switzerland’s first regulated digital asset banks, has been joined by insurance industry executives Tony Buckle, ex-Chief Underwriting Officer for Allianz Global Corporate and Specialty; John Carolin, ex-CEO for B3i, the insurance industry blockchain consortium, and Mehmet Ogut, former Chief Actuary at MS Re and ex senior manager at Deloitte.
Data-Driven Underwriting for Precision
DA Insured employs a data-driven approach, using both on and off-chain data, to both assess exposure and calculate premiums. This ensures that custodians receive an appropriate product for the risks they run and premiums that reflect their specific operational profiles.
Support from Leading Insurers
Through its partnership with Elmore Brokers, DA Insured has secured backing from Sompo and leading names in the London insurance market. These partners provide DA Insured’s clients with the assurance that they are not only partnering with a company that understands their needs but are backed by market leading security in the event of loss.
Statements from Leadership
Alistair Heggie, CEO of DA Insured:
“DA Insured is on a mission to increase trust and security in digital assets. As digital asset custody solutions and providers mature there is a growing demand for more sophisticated insurance products. DA Insured has the industry knowledge and the backing of highly rated insurance underwriters to bring something the industry has been missing—reliable, straightforward coverage.”
Tony Buckle, CUO of DA Insured:
“Digital assets are now an established part of the financial landscape. Bringing together market leading expertise in banking and insurance, backed by some of the strongest market profiles in financial crime coverage, has enabled DA Insured to deliver a genuinely innovative, timely and relevant product for digital asset custodians and exchanges.”
Conclusion
DA Insured’s custody insurance product is more than just a new offering – it’s a response to the pressing needs of the digital asset industry. With backing from some of the most respected insurers in the world and a foundation built on real-world experience, DA Insured is poised to become a trusted partner for custodians and exchanges across UK, Europe and the Middle East.
Call to Action
For more information about DA Insured and its new custody insurance product, please visit www.dainsured.com.