RATE Group | What Agents Should Know About Cryptocurrency Insurance Market
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What Agents Should Know About Cryptocurrency Insurance Market

19 Nov What Agents Should Know About Cryptocurrency Insurance Market

Posted at 07:21h in Cryptocurrency News by

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Cryptocurrency and blockchain entities may seem like a hot market for insurance agents looking to specialize, but right now there are not many insurers willing to write it.

Before jumping in, agents would be wise to consider partnering with a wholesale broker with expertise so they can become familiar with the crypto landscape, according to Jonathan Reiner, an executive vice president at RT Specialty who works out of Chicago.

Reiner, who has been with RT since 2010, was at the PLUS (Professional Liability Underwriting Society) Conference earlier this month in San Diego, where he spoke with Insurance Journal at the conference about the cryptocurrency market. This has been edited for clarity and brevity.

Insurance Journal: Talk about the crypto market and what insurance professionals should know about it?

Reiner: In general, from a D&O, E&O, cyber perspective, it’s a pretty hard market. There are very few insurance carriers that are interested in writing coverage for…

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