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Curv and Munich Re Partner for Customer Benefit

By CIOReview | Wednesday, May 15, 2019

FREMONT, CA: Curv, a cryptography trailblazer fortifying the digital economy, has collaborated with Munich Re, to provide insurance of up to $50 million for digital properties in Curv's Institutional Digital Asset Wallet Service. Munich Re, one of the world's major reinsurance providing organizations, has meticulously audited Curv's security, quality assurance, cryptography, and deployment procedures.

With the rise of digital thefts and fraudulent attacks, the novel cryptographic methods installed in Curv's Institutional Digital Asset Wallet Service reduce the risks linked with crypto assets. Curv's steady approach has made Munich Re underwrite a statement that covers customer-managed wallets in internet-associated settings. The uncomplicated opt-in solution will produce comfort to Curv's customers as Curv will have the financial ability to pay for the loss of digital assets. The partnership between the companies is hailed as highly valuable because the construction of meaningful cyber resolutions to obtain prolific outcomes is deemed to be a pioneering feat in the field of crypto asset management.

Coverage for crypto assets held in digital wallets has been expensive and restricted. Earlier, digital assets could be easily stolen with a single cyber breach or through insider collaboration. The risk associated with securing private keys spread across a vast array of insurance policies has been tedious and daunting. Curv has generated multi-party computation protocols to underwrite blockchain transactions in a digitally secure and administered way, removing the point of failure originating from private keys. The unique risk transfer solution makes a notable industry milestone regarding the allocation of digital asset insurance. The management of digital properties with Curv's Institutional Wallet Service gives customers a protected service that delivers state-of-the-art security, operational clarity, and the workability of the cloud.

Curv is setting a new institutional trend for crypto asset security, using comprehensive cryptography to deliver first cloud-based Institutional Digital Asset Wallet Service that makes it easy to organize and fortify all digital assets. 

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