RACIB, in partnership with the international company AIG, will offer the market insurance products that will help minimize the impact of the main risks inherent in blockchain projects.
The experts of the association, together with representatives of the insurance market and participating firms, have already begun to work on the formation of specific solutions. The impetus for the opening of a new direction of activity was the meeting of the head of RACIB Yuri Pripachkin and Stephen Barnett, Regional Head of AIG MEA.
Discussing the specifics and prospects of the Russian cyber insurance market, AIG representative said that the company is ready to offer profitable insurance products to participants in the crypto industry. Development of both individual and corporate solutions is planned.
The new division will be headed by Valery Petrov, RACIB Vice President for Market Development and Regulation. All interested parties are invited to cooperate.
While products are in development, representatives of the cryptoindustry are resorting to other ways to reduce risks. For example, EXMO crypto exchange announced about intentions to enter the stock market.
text: Ivan Malichenko, photo: RAKIB