My interview with Robin Scott, General Manager of Middle East at AIFT.

- Insurance for digital assets has grown rapidly, with coverage now exceeding $1 billion

- Centralized exchanges and custodians are meeting higher technical standards, making policies viable

- DeFi remains challenging due to frequent hacks, leading to high premiums

- Legacy insurers and reinsurers are warming up to crypto as a diversifier from climate risk exposures

- AI risk is following the same playbook as crypto, starting with cybersecurity and risk management tools

- Smart contracts and AI can streamline the outdated insurance process, reducing paperwork and intermediaries

- The future may bring customers closer to directly covering risks via blockchain-based pools Powered by Phoenix Group

The full interview is also available on my YouTube channel:

What are the technical challenges in underwriting crypto insurance?