Insurance Industry News

China's central bank digital currency can now be used on insurance policies that offer various levels of compensation for diagnosis of or death due to COVID-19.

By transitioning to a fully DAO-governed model, Nexus could expand its user base and iron out tokenomic friction.

The investment services firm said its new global head of insurance solutions would be spearheading the effort.

Investors include Lemniscap, P2P capital and others. Unslashed Finance has sold $400 million in coverage since its private launch last month.

Tosei real estate and Tokyo Financial Holdings issued an asset-backed digital financial product, Coinage registered with Japanese authorities as an exchange and more headlined news from Japan this past week.

Insurance firms in China use blockchain to manage coronavirus-related claims amid the outbreak.