Dubai Insurance launches crypto wallet for premium payments, claims

The digital wallet allows insurance premiums and claims to be settled in crypto through a regulated custody partnership with Zodia Custody.

Dubai Insurance has launched a crypto-enabled digital wallet that allows policyholders to pay insurance premiums and receive claims settlements in digital assets.

The wallet is designed to support the receipt of premiums and the payment of insurance claims in digital assets and is built on institutional custody infrastructure provided by Zodia Custody.

The company said the wallet operates within existing regulatory and compliance frameworks in the United Arab Emirates (UAE), and described it as the first such offering in the UAE’s insurance sector.

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