Insurance Companies Embracing Crypto

Follow along as Valkyrie's Head of Portfolio Management, Bill Cannon, highlights a notable "byte" from the markets each week.

Insurance companies are slowly coming to embrace cryptocurrency according to Goldman Sach's latest annual insurance survey.

Bill's Byte:

Insurance companies are slowly coming to embrace cryptocurrency according to Goldman Sach's latest annual insurance survey. While only 6% of respondents indicated actual investing or considering crypto, these respondents did represent about half of the $26 trillion global insurance industry. "Cryptocurrency came in fifth behind private equity, commodities, and emerging market equities; while sitting just above middle-market corporate loans, traditionally consisting of loans from banks, finance companies, and debt funds. Notably, just last week, J.P. Morgan replaced real estate with crypto among its preferred alternative assets." While this may be the next step in adoption for insurance companies, the industry has been aggressively finding ways in using blockchain technology to improve transaction processing, operational efficiency, and ultimately, profitability. Please follow through with these exciting articles on what could transform an entire industry over...