Breach places industry-first crypto insurance policy

Boston-based insurtech start-up Breach has announced the placement of a crypto-denominated cyber insurance policy with CoinList, a full-service token sale and crypto trading platform. Breach said the policy was an industry first.

The policy, issued in partnership with UK-based insurtech Nayms, covers electronic theft and phishing risk, with collateral denominated in Bitcoin provided by MakerDAO.