In the world of crypto investment there are very high risks such as hacking, phishing etc., so that crypto insurance is expected to protect against cybercrime events that cause losses.
There are several crypto insurance companies such as Lloyd’s and Relm Insurance that only offer protection on crypto exchanges, while an insurance company, Coincover offers protection for individuals and software wallet solutions, the aim of which is to protect crypto holders from theft/hacking, malware, phishing etc.