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Soter Insure, a digital asset insurance provider for institutions, has announced a strategic partnership with Dubai Insurance P.S.C., one of the UAE’s oldest insurance companies. The agreement will allow the companies to offer insurance policies denominated in fiat currencies as well as Bitcoin and Ether across the UAE market.
The partnership introduces coverage designed for digital asset holders and companies operating in the sector. Policies can be issued and paid out in BTC and ETH, reducing the asset and liability mismatch common in traditional insurance models. This structure also removes exposure to crypto price volatility at the time of a claim, ensuring policyholders receive coverage in the same asset in which the policy was written.
Both companies said the partnership takes effect immediately. They plan to roll out digital asset insurance products across the UAE in the coming months.
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