insurance

The Federal Deposit Insurance Corporation (FDIC) has proposed a new rule draft to regulate stablecoin issuers within its jurisdiction according to the GENIUS Act, covering requirements related to reserves, redemption, capital, risk management, and custody.The FDIC stated that the relevant reserve deposits will be insured, but this protection does not directly cover stablecoin holders. At the same time, the regulatory agency has sought public opinion on the details of the rules, with a comment period of 60 days. This proposal is a further measure to implement the GENIUS Act, and the relevant regulatory framework is expected to be gradually improved.

According to Jinshi, the United States has doubled its commitment to provide reinsurance guarantees for vessels willing to transit the Strait of Hormuz to $40 billion and has introduced new insurance partners including American International Group and Berkshire Hathaway.The U.S. International Development Finance Corporation (DFC) announced a $20 billion reinsurance program last month. The agency stated today that Travelers Insurance, Liberty Mutual Insurance, Berkshire Hathaway, American International Group, Starr, and CNA will provide an additional $20 billion in reinsurance support for its maritime facilities alongside Chubb Insurance.DFC CEO Ben Black stated in a statement, "These leading U.S. insurance companies bring deep expertise in marine and war risk underwriting, enhancing our efforts to restore confidence in maritime trade."The agency also stated that it will work with insurance partners to determine which vessels qualify for reinsurance. To qualify, applicants must provide information including the vessel's port of origin and destination, the primary beneficial owners and their locations, the cargo owners and their locations, as well as information about the lenders providing financing for the vessel.

According to BBX data, yesterday global listed companies released strong fundamental signals in "traditional finance entry" and "small and mid-cap dollar-cost averaging":$20 million insurance capital entry: Corebridge Financial (NYSE: $CRBG) disclosed yesterday that the board has approved a $20 million Bitcoin allocation plan. As one of the largest retirement and life insurance providers in the U.S., this move marks the beginning of risk-averse "insurance capital" incorporating BTC into long-term reserves.100% monthly retention: Iris Energy (NASDAQ: $IREN) released its unaudited production report for March yesterday, confirming that its monthly output of 450 BTC has been fully transferred to cold wallets, officially joining the "zero-sale mining company" club.5% cash flow conversion: Beyond Inc. (NYSE: $BYON) (formerly Overstock) updated its corporate treasury guidelines yesterday, announcing that it will convert 5% of its free cash flow at the end of each quarter into Bitcoin, reviving its hard asset strategy as an early crypto payment evangelist in North America.Bond issuance to acquire 50 BTC: Cathedra Bitcoin (TSX-V: $CBIT) announced yesterday the completion of a $4 million priority secured bond issuance, with the raised funds fully used during the trading day to purchase 50 BTC at market price.Century-old institution launches custody: State Street (NYSE: $STT) officially opened its enterprise-level digital asset custody vault to Nasdaq and NYSE listed companies yesterday. The implementation of this compliant infrastructure directly removes the audit barriers for hundreds of conservative companies to purchase cryptocurrency.

The dYdX Foundation announced that #372 community on-chain voting has passed, approving the use of the Insurance Fund to provide financial support for the DAO.The proposal specifically involves transferring 10 million USDC from the dYdX chain insurance fund to three different entities: 2.5 million USDC to the dYdX operational sub-DAO as operational funds, 5 million USDC to the dYdX treasury sub-DAO as discretionary reserves, and 2.5 million USDC to the dYdX Foundation for ecosystem development and governance support. The insurance fund currently holds approximately 17 million USDC, of which about 7 million USDC serves as a protocol security buffer.

According to Bloomberg, U.S. Treasury Secretary Scott Bessent stated that a U.S. insurance program aimed at promoting shipping through the Strait of Hormuz is set to launch soon, a move that could help restore the flow of global oil and gas supplies.Bessent made the prediction during a Cabinet meeting at the White House on Thursday. This comes just weeks after Trump first announced that the U.S. International Development Finance Corporation would provide insurance guarantees and naval escorts to ensure the safe passage of tankers and other vessels through the strait.Bessent's remarks come amid rising concerns over soaring oil and gas prices during the Iran war, and fears that even if the conflict ends, the impact on energy supplies will persist.

Digital asset insurance provider Soter Insure announced the launch of Ethereum-denominated slashing insurance. This innovative insurance product was developed in collaboration with Galaxy Digital and provides critical security for Ethereum validators and institutional stakers. It addresses the core risk of slashed assets due to protocol violations by validators in Ethereum staking, with both premiums and claims denominated and settled in ETH. This solves the problem of insufficient coverage in traditional USD-denominated insurance when ETH prices rise, thereby eliminating the "currency mismatch risk."

Digital asset insurance provider Soter Insure announced the launch of Ethereum-denominated confiscation insurance, developed in collaboration with Galaxy Digital. This insurance primarily targets the core risk of validators in Ethereum staking being penalized for protocol violations, providing security for Ethereum validators and institutional stakers. The premiums and claims are both denominated and settled in ETH, addressing the issue of insufficient coverage in traditional USD-denominated insurance when ETH prices rise, thereby eliminating the "currency mismatch risk."

CoinDesk columnist Jordan Knecht stated that some traditional financial institutions believe that staking carries risks such as penalties, outages, operational failures, and unpredictable returns, and therefore only hold spot ETH or avoid related assets.Jordan Knecht mentioned that a new generation of insurance-backed staking products is benchmarked against the Composite Ether Staking Rate (CESR) and is underwritten by regulated insurance institutions, making staked ETH closer to institutional yield products rather than a crypto experiment. He disclosed that CESR is a daily standardized benchmark interest rate developed by CoinDesk Indices and CoinFund, used to measure the average annualized return of ETH validators' staking; Chainproof collaborates with IMA Financial Group to provide policies that supplement returns when validator returns fall below CESR and provide compensation in the event of penalties, with related arrangements also used to support collateral, rebalancing, and structured strategy design based on staked ETH.

FDIC Chairman Travis Hill stated at the American Bankers Association Washington Summit that the FDIC plans to propose a rule clarifying that payment stablecoins governed by the GENIUS Act do not qualify for "pass-through insurance," meaning that third-party financial institutions cannot obtain government deposit protection on behalf of users.Hill noted that this position aligns with the legislative intent of the GENIUS Act, even though the act does not explicitly prohibit such arrangements. Hill pointed out that current pass-through insurance rules require the identity and rights of end customers to be verifiable through standard processes, which is not a common feature of large stablecoin arrangements. Although stablecoins do not enjoy FDIC insurance, the GENIUS Act mandates that they must be fully reserved.Additionally, Hill mentioned that the FDIC is considering the positioning of tokenized deposits, suggesting that regardless of the technology or accounting method used, tokenized deposits should be treated as deposits and enjoy the same regulatory and deposit insurance treatment as non-tokenized deposits.White House crypto advisor Patrick Witt has been continuously defending the CLARITY Act on the X platform, stating that attempts to turn it into an anti-competitive bill are undesirable. Jefferies analysts noted this week that the growth of stablecoins could lead to a 3% to 5% loss of core bank deposits over the next five years.

According to PR Newswire, risk management and insurance broker Aon has completed its first pilot for premium payments using stablecoins, demonstrating how stablecoin technology can support more efficient cash flow. This pilot was led by Aon's digital assets division and collaborated with Coinbase and Paxos to settle premiums for their respective insurance programs.Transactions were executed across multiple blockchain networks, including USDC on Ethereum and PayPal USD (PYUSD) on Solana, showcasing flexibility between different stablecoins and blockchains. This initiative is supported by the federal stablecoin framework established by the GENIUS Act, passed in 2025.Aon stated that this work aims to assess how regulated stablecoin settlements can be integrated into insurance services to achieve faster settlement times, higher payment efficiency, and enhance risk management in the evolving landscape of digital finance.

According to Jinshi reports, Fed's Logan stated that last year's rate cuts were taken as "insurance" to prevent a cooling labor market, but at the same time, it also increased the risks related to inflation.

According to stocktitan, Delaware Life Insurance Company has announced the addition of the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed indexed annuity (FIA) product lineup.The index provides exposure to Bitcoin investments through the iShares Bitcoin Trust ETF (IBIT), combining U.S. equities and Bitcoin with a target volatility of 12%, while offering principal protection for fixed indexed annuities.

The Hong Kong Insurance Authority has proposed new regulations aimed at guiding insurance funds into the fields of crypto assets and infrastructure. According to a presentation document dated December 4, the regulator intends to impose a 100% risk capital requirement on crypto assets, while the risk capital requirement for stablecoin investments will be determined based on the fiat currency to which the stablecoin is pegged.The Hong Kong Insurance Authority stated that it has initiated a review of the risk capital regime this year, with the primary goal of supporting the insurance industry and broader economic development. The proposal is expected to undergo public consultation from February to April next year, followed by legislative submission.In addition, the new regulations also involve incentives for infrastructure investment, proposing capital benefits for investments in infrastructure projects linked to Hong Kong, mainland China, or infrastructure projects (such as the development of new towns like the Northern Metropolis). As of 2024, the total premium income of the Hong Kong insurance industry is approximately HKD 635 billion.

According to UBS analysis, the employment data released this week reveals potential weakness in the U.S. labor market, which could serve as a basis for the Federal Reserve to further cut interest rates early next year. UBS Chief Economist Paul Donovan noted in a report to clients that this data "raises multiple alarm bells." Due to the government shutdown exacerbating the low response rate of the Bureau of Labor Statistics survey, the quality of the data itself should be treated with caution.Elyse Ausenbaugh, Chief Investment Strategist at Morgan Wealth Management, agrees that the October data is particularly "disturbing." She stated that this report reinforces the market's view of the Federal Reserve's current policy path. The "insurance-style" rate cuts over the past few months have been a prudent move, bringing rates back to a more neutral level. She believes that another rate cut in the first quarter of 2026 may be appropriate, but the economy is currently stable, and the Federal Reserve has the patience to observe subsequent actions. (Golden Ten)

According to Cointelegraph, Japan will require cryptocurrency exchanges to hold liability reserves or purchase insurance to ensure compensation for customers in the event of a hack. This significant regulatory change may reshape the landscape of the industry.

According to Dongwang, Wan Tong Insurance announced an investment option linked to the "virtual asset fund" and has completed the review process with the relevant regulatory authorities. The specific details of the new investment options related to life insurance products will be announced to the public in due course.Previously reported, Yunfeng Financial acquired 60% of the shares of American Wan Tong Insurance Asia (in 2018) and integrated licenses for securities, insurance, and asset management, gradually building a "finance + technology" ecological closed loop.

According to Bloomberg, the head of the Federal Deposit Insurance Corporation (FDIC) stated that the agency is developing guidelines for tokenized deposit insurance to help financial institutions expand their digital asset businesses.Acting Chairman Travis Hill mentioned that deposits moving from the traditional financial world to the blockchain or distributed ledger world should not change their legal nature. Hill made this statement while various parties were debating a question: how should fintech companies, which are not directly insured by the FDIC, fully compensate consumers if their funds are harmed? Many fintech companies collaborate with FDIC-insured banks to offer products that enjoy "pass-through deposit insurance" coverage, but once a partnered third party goes bankrupt, this protection may face challenges and fail to effectively safeguard consumer rights. The U.S. government's deposit insurance fund is the cornerstone of the financial system, designed to protect depositors in the event of a bank failure.

ChainCatcher news, cryptocurrency life insurance company Anthea announced that it has completed a $22 million Series A financing, led by CEF Capital, with a group of strategic investors from the insurance, asset management, and fintech sectors participating.The new funds will be used to support the launch of its life insurance products priced in ETH, while continuing business operations and accelerating product development and innovation.

ChainCatcher news, the life insurance company Meanwhile, priced in BTC, announced the completion of $82 million in financing, led by Haun Ventures and Bain Capital Crypto, with participation from Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Stillmark.It is reported that the company offers life insurance policies priced in Bitcoin, with all premiums, policy values, and claims managed in Bitcoin.