Crypto may enter insurers’ portfolios as Hong Kong reviews capital rules

Crypto may enter insurers’ portfolios as Hong Kong reviews capital rules

Hong Kong’s insurance regulator is reportedly weighing a proposal to let insurers invest in cryptocurrencies with a 100% capital charge. The Hong Kong Insurance Authority is reportedly proposing to allow insurance capital allocation to cryptocurrencies and infrastructure projects. Bloomberg reported on Monday that the city’s regulator started reviewing the risk-based capital regime to support the…

Read More
Allianz Life data breach affects 1.1 million customers

Allianz Life data breach affects 1.1 million customers

The July data breach at U.S. insurance giant Allianz Life allowed hackers to steal the personal information of 1.1 million customers, according to data breach notification site Have I Been Pwned. Allianz Life disclosed the data breach in late July, confirming that hackers stole the personal information of the “majority” of its 1.4 million customers…

Read More
Arcadia Finance users reimbursed by DeFi hack insurance

Arcadia Finance users reimbursed by DeFi hack insurance

Nexus Mutual has paid about $250,000 in claims to users hit by July’s $3.5 million Arcadia Finance hack on Base. Crypto-native insurance service Nexus Mutual reimbursed its customers who had lost money in the recent Arcadia Finance hack. According to a Monday announcement shared with Cointelegraph, Nexus Mutual reimbursed approximately $250,000 to users who lost…

Read More
Allianz Life says ‘majority’ of customers’ personal data stolen in cyberattack

Allianz Life says ‘majority’ of customers’ personal data stolen in cyberattack

U.S. insurance giant Allianz Life has confirmed to TechCrunch that hackers stole the personal information of the “majority” of its customers, financial professionals, and employees during a mid-July data breach. When reached by TechCrunch, Allianz Life spokesperson Brett Weinberg confirmed the breach. “On July 16, 2025, a malicious threat actor gained access to a third-party,…

Read More
Meanwhile raises M to bring BTC life insurance to inflation-prone economies

Meanwhile raises $40M to bring BTC life insurance to inflation-prone economies

The startup, which is regulated by the Bermuda Monetary Authority, offers whole life insurance denominated in Bitcoin. Crypto startup Meanwhile has raised $40 million to scale its Bitcoin-denominated life insurance business, targeting so-called “inflation-prone economies” where policyholders may seek alternatives to traditional fiat-based payouts. The Series A investment round was led by Framework Ventures and…

Read More