Americas

Evertas Launches Range of New Services for Institutional Owners of Cryptoassets and Insurers

Image

Evertas, the world’s first cryptoasset insurance company, has launched a range of new services for insurers and institutional/corporate owners of cryptoassets.  The new services are covered by three areas: Risk, Investigations, and Intelligence. 

Robert Chamberlain, Managing Director, Evertas, said: “The market cap for cryptoassets is around  $350 billion, but within five years it is expected to reach $1 trillion.  For organisations to invest in cryptoassets and blockchain technology, as with any asset, they need to be comfortable that they have the necessary infrastructure and systems in place to ensure this is done ethically and professionally, and that any risks are understood and professionally managed. These services are in short-supply, but we have built a team to provide them to the highest possible standards.”     

Raymond Zenkich, President and COO, said: “The new services we are launching today are also key to help owners of cryptoassets secure insurance. Our work can help ensure insurers are comfortable with the risks identified and that appropriate processes are in place to mitigate these. Insurers can also use services to run their own audits on cryptoassets for example, help in the recovery of lost cryptoassets, and the claims process around this.”   

Risk services 

Under its Risk Services proposition, Evertas offers compliance and process services enabling cryptoasset-related enterprises to develop comprehensive programmes around regulatory compliance including KYC/AML. 

Evertas has also developed leading third-party risk assessment tools for cryptoasset and blockchain systems, enabling it to provide a thorough review of a client’s current or proposed processes, and a threat assessment from which it can propose solutions for risk mitigation. It can also help clients establish on-going risk monitoring programmes around their cryptoassets. 

Investigations 

In the event of a cryptoassets loss or other incident, Evertas now offers end-to-end incident management and response services including investigations, restoration of operations, root-cause / forensic analysis, and asset recovery to help restore a client’s operations with minimal disruption. 

Evertas can help with asset recovery by combining the latest blockchain transaction and big data analytics with traditional corporate investigative techniques and asset recovery methodologies to help enterprises in the event of ransomware, data breaches, account key theft or other crypto asset related losses resulting in a pay-out of digital funds.   

As part of its Investigations offering, Evertas also offers clients litigation support, assisting them in identifying and collecting actionable intelligence.  It provides pre-litigation profiling, enhanced due diligence, asset tracing, defensive counterparty research, and forensic services to advance corporate litigation goals or assist criminal investigations. 

Intelligence 

Under its Intelligence offering, Evertas offers clients Brand Protection Management (BPM) by providing actionable insight to support business decisions aimed at preserving an organisation’s brand and reputation whether in connection with short-term/crisis-based requirements or long-term needs.  

Evertas can also provide actionable intelligence related to political risk, market conditions, customer response to business actions, competitor behaviour and analysis relying on a marriage of available open source data and expert networks to enhance executive decision-making. 

For further information on Evertas’ new cryptoasset services, visit https://www.evertas.com/services

Trending
Share this Post:

Advertisement

ad ad

Related articles

Patrick Rastiello joins Ardonagh Specialty to lead North America Reinsurance expansion

Ardonagh Specialty has appointed Patrick Rastiello as CEO* of its North American reinsurance operations.   Patrick will be responsible for building Ardonagh Specialty’s US reinsurance...

Global Markets Overview: February 2024

In this Global Markets Overview, we explore our global outlook and share what we think it means for 2024.  https://www.wtwco.com/en-gb/insights/campaigns/global-markets-overview As...

EAMONN CUNNINGHAM WINS RIMS HARRY & DOROTHY GOODELL AWARD

Risk Management Trailblazer Presented with RIMS Highest Honor for Lifetime Achievement in Risk Management  NEW YORK (February 13, 2024) – At the RIMS New Zealand and Pacific Island...

Insurer’s Lease More Than Doubles Its Chicago Office Space

Sompo International Plans Move to 46-Story Tower at 155 N. Wacker A global specialty insurance provider is more than doubling the size of its Chicago office in a move a few blocks north, bucking the trend...

Haynes and Boone, LLP is pleased to announce that Peter A. Halprin has joined the firm as a Partner

Haynes and Boone, LLP is pleased to welcome Insurance Recovery Partner Peter A. Halprin to the firm’s New York City office. A Chambers USA-ranked attorney, Peter joins from Pasich LLP, where...

LIO Specialty Launches Revolutionary Online Portal for Life Science Insurance Solutions

Leading the Excess and Surplus Lines Market with Innovative Coverage for Cannabis and Nutraceutical Industries  West Conshohocken, PA– LIO Specialty Insurance Company proudly announces the launch...