Crypto thefts result in hundreds of millions of dollars in damages.
But despite these immense losses, the insurance industry hasn’t yet gotten into the thick of this challenging area of risk.
Which means there is a massive, multi-million dollar gap in the market.
In today’s episode, Brad Gow, VP at Sompo Digital Labs, chats with Anthony about the parallels between the cyber market of yesterday and the crypto market of today while highlighting the pressing need for coverage in this new area of risk.
You’ll learn:
1. What underwriters and brokers need to know about crypto in the insurance context
2. The parallels between cyber insurance and crypto insurance
3. What an insurable product looks like in crypto
4. How the absence of insurance inhibits the adoption of blockchain technology
About Brad:
Brad is a senior professional liability insurance executive and recognized industry leader in cyber risk insurance. He is currently focused on researching and developing new insurance products focused on crypto, blockchain and Web3 technology.
Find Brad on LinkedIn: https://www.linkedin.com/in/brad-gow-22b5658/
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About Sompo Digital Labs:
Sompo Digital Labs is the innovation arm for SOMPO, bringing together pioneering startups and the insurance industry. We partner with companies to bring innovative technologies to market, providing an arena for implementing security, health and wellbeing solutions.
Website: https://sompo.io/en/
Industry: Research Services
Company size: 20
Headquarters: Foster City, California
Founded: 2015
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About the host Anthony:
Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children.
Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ahess@asceris.com
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This podcast is produced by our friends at the SCL Program by SAWOO