Major insurance broker Aon will provide coverage in the case stored cryptocurrencies are subject to crime. A leading insurance broker Aon purports to occupy 50 % of the crypto-insurance market and will provide crime insurance coverage for company Metaco, that offers cryptocurrency storage solutions, through a group of London insurers.

Metaco is a company based in Switzerland, headquartered in Lausanne and co-owned by telecom giant Swisscom, national postal service Swiss post and banking technology vendor Avaloq. According to the updates, the insurers - none of them have been disclosed yet, will provide insurance coverage for institutions using Metaco's SILO crypto asset infrastructure solution, implementing the security infrastructure.

The value of insurance coverage hasn't been announced yet, but some details have. The insurance will cover wide range of risks, as for example public key destruction due to natural disasters or losses caused by hacker attacks on hot wallets. Interest in the crypto insurance market has been quite steady. Big names as AIG, Allianz, Chubb, Aonn or XL Group have been expanding their insurance options for companies in the crypto sector since last year, although this sector is still considered highly risky.