Ominimo, a Polish AI-powered insurtech startup, has secured a €10 million funding round led by Zurich Insurance Group. This investment, valuing the company at €200 million ($220 million), […]
EIOPA Proposes Full Capital Reserves for Crypto Holdings in Insurance Sector
The European Insurance and Occupational Pensions Authority (EIOPA) is proposing that insurance companies fully back their crypto investments with capital reserves, a significant shift in regulatory landscape. The […]
EIOPA Mandates 100% Crypto Reserve Requirement for Insurers
The European Insurance and Occupational Pensions Authority (EIOPA) proposes that insurers holding crypto assets must maintain a full 100% capital reserve backing these investments. This recommendation, issued on […]