HAMILTON, Bermuda, July 15,
2024 /PRNewswire/ -- Relm Insurance ("Relm"), a
leading specialty insurance carrier supporting emerging and
innovative industries, today announced a venture with CyVers, a
leading Web3 cybersecurity and threat insights provider, to deliver
comprehensive and real-time protections for its client base.
The CyVers platform was built to address complex security
challenges such as scams, fraud, and compliance
threats unique to Web3. The platform features a comprehensive
monitoring system that proactively alerts clients to malicious
activities, offers risk mitigation via multiple threat vectors, and
provides tailored solutions based on idiosyncratic needs.
Securing access to real-time wallet and smart contract
monitoring, among other threats, creates a tangible value add for
our partners and ultimately lowers the insured's risk profile,"
said Christian Davies, Global Head
of Distribution and Innovation at Relm. "By melding VistaWEB3, our
market-leading crime insurance product, with CyVer's best-in-breed
technology, we continue to deliver the most relevant products for
our Web3 clients."
The addition of CyVers technology will better protect Relm
clients from security risks including suspicious funding, malicious
contract deployment, smart contract vulnerabilities, flash loan
attacks and private key leakage. Additionally, the technology flags
and prevents scams such as suspicious approvals, blacklist
interaction, rug-pull and zero transfer attacks.
"Our alliance with Relm Insurance and their VistaWEB3 crime
insurance product, is a testament to the increasing importance of
robust cybersecurity and threat mitigation in the Web3 domain,"
said Deddy Lavid, CEO and Co-Founder
of CyVers. "Together, we are setting new standards in protecting
digital assets and providing real-time threat detection, ensuring
that Relm's clients can operate with confidence in the rapidly
evolving Web3 space."
Specialized products that Relm clients will be able to plug into
include:
- VigiLens: real-time cross-chain threat intelligence
- AddressShield: real-time monitoring and detection of
proprietary and 3rd party addresses
- CyVers SOC: proactive threat detection & incident
response
- Address Due Diligence: Real-time screening of wallets and smart
contracts for risk assessment and mitigation
This new feature for Relm clients comes on the heels of a recent
product launch dedicated to the crypto community with
a Web3 product suite, catering to every facet of the
ecosystem.
About Relm Insurance
Relm Insurance Ltd. (Relm) is a Bermuda-domiciled specialty insurance carrier
supporting emerging industries that spur innovation and
next-generation technologies. Launched in 2019 to address the
scarcity of insurance capacity available to these high-growth
markets, Relm plays an active role in bolstering the resilience of
these innovative industries.
Relm's unrivaled industry expertise and solutions-driven track
record makes it a highly sought-after risk partner for businesses
and institutions operating at the forefront of Web3, digital
assets, AI, biotech, and the space economy. Relm has earned a
Financial Stability Rating of A, Exceptional, from Demotech.
Visit www.relminsurance.com for more information.
Media Contact:
Vaibhav Kumar, RFB | Peaks
Strategies
vaibhav.kumar@rfbinder.com
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SOURCE Relm Insurance