THE WORLD'S 1ST INSURANCE PROVIDER THAT PROTECTS BLOCKCHAIN TECHNOLOGY USERS, WHERE OTHER INSURERS A

Date: 23rd Feb 2018

Written by: Yaseerah Domun

Company: MicroAssure.com

Country of Incorporation: Singapore

CEO: F.J.Lim

CTO: Kendrick Chan

Contact: [email protected]​

 

​

THE WORLD'S 1ST INSURANCE PROVIDER THAT PROTECTS BLOCKCHAIN TECHNOLOGY USERS, WHERE OTHER INSURERS ARE SHYING AWAY!

 

With the ​rapid ​grow​th of crypto​currenc​y​, as well as the rising threats to users, MicroAssure.com has put forward a revolutionizing insurance setup that ​delivers assurance to cryptocurrency users. 

 

MicroAssure.com has announced that they are launching the world’s first Mining Hardware Insurance ​​and Cryptocurrency Wallet Insurance, that aims to serve the blockchain community. Unlike other traditional insurances, MicroAssure.com is one of a kind. Th​e company took the bull by the horns and became the first digital insurer in the world that speciali​z​es in insuring the cryptocurrency ​community. 

 

“I started my career as an insurance advisor, because I believe that insurance is the best tool to absorb any financial disaster. Sadly, over the years I noticed that insurers are keen to insure what is merely pragmatic and profitable. In today’s era of cryptocurrencies, insurers are shying away as they foresee that it is an unregulated market and poses ​unmanageable inherent ​risks.

 

I decided to ease the financial worries of cryptocurrency users. I approached more than 50 insurers to underwrite the ​intended ​insurance, but none are interested. Eventually, I ​chose to underwrite the ​​p​​olicies myself by incorporating an insurance company in Cayman Islands. Over the last 24 months, my team ​have ​been working non-stop on developing new insurance plans, while designing a mobile platform that is super user-friendly to buy and claim any ​plan issued by MicroAssure!” declared the founder and CEO, FJ Lim.

 

​At the time of this press release, MicroAssure.com is the first in the world to ​offer on-demand ​cryptocurrency-related ​insurance plans, to cover ASICs Mining Hardware and Cryptocurrency Wallet. FJ Lim believes that having unique insurance plans are just the tip of the iceberg, the most fundamental is allowing users to buy any plan within minutes and submit any claims within minutes. Besides that, MicroAssure policies come with affordable premium and it is on-demand, thus no long term contract. Anyone can visit MicroAssure.com and download its app to discover more about the unique insurance plans. ​

 

​MicroAssure.com mobile app is currently at live testing phase, and will soon launch its unique offerings to the blockchain community in March 2018. The company​'s​​ management team is not new ​to the insurtech world. The team also founded MicroUmbrella.com​, which is ​Asia’s first on-demand micro insurance platform. ​ (end)