Mosaic Insurance Offers Cyber and Financial Institutions Coverage for Digital Assets

Mosaic Insurance launches a combined cyber and financial institutions product for digital assets, offering up to $10 million in capacity. The product is designed for a broad spectrum of digital asset clients and provides coverage for cyber, technology errors and omissions, and crime. Mosaic is partnering with Native Broking to offer enhanced coverage and more competitive premiums to clients that integrate approved vendors and services.

Mosaic Insurance has recently launched a new product designed to provide comprehensive coverage for digital asset clients. The combined cyber and financial institutions product offers up to $10 million in capacity, covering cyber, technology errors and omissions, and crime. This initiative is part of the company's strategy to meet the growing demand for specialized insurance solutions in the digital asset industry [1].

The new product is designed to cater to a broad spectrum of digital asset clients, including cryptocurrency exchanges, blockchain platforms, and other digital financial services. By offering coverage for a range of risks, Mosaic aims to provide peace of mind and protection against potential threats in the digital landscape.

Mosaic is partnering with Native Broking to enhance the coverage and make premiums more competitive for clients who integrate approved vendors and services. This collaboration is expected to streamline the underwriting process and provide clients with a more customized insurance experience.

The launch of this product comes at a time when the global commercial insurance market is experiencing significant growth, driven by factors such as rising business risk exposure and asset value, government regulations, and digital transformation [1]. The market is projected to reach USD 1,684.0 billion by 2033, with a compound annual growth rate (CAGR) of 6.2% from 2025 to 2033 [1].

As businesses expand globally and operate in more complex environments, their exposure to financial, operational, and cyber risks is increasing. Commercial insurance has become essential for managing these liabilities, and the demand for specialized products like Mosaic's new offering is likely to grow in response to these trends.

References:

[1] https://vocal.media/journal/global-commercial-insurance-market-to-reach-1-684-0-billion-by-2033-key-trends-and-growth-forecast-l0fio06yf