J. conceived the idea of Evertas while overseeing the creation of custodial crypto operations for a major financial institution. From his unique vantage point, J. recognized a critical lack of crypto insurance capacity. J. contacted his friend Raymond, who had himself been a pioneer in investigating cryptoasset insurance and produced the very first conference dedicated to the subject in 2016.
Very few people could understand the risks and underpinnings of the infamously opaque world of crypto in general, and there were even fewer who also had an intimate knowledge of insurance – an industry founded on centuries’ worth of sustainably addressing new forms of risk. J. and Raymond were practically unique in this shared expertise.
J. quickly realized that for a comprehensive solution to this problem to exist they would have to build it themselves. He and Raymond partnered to create the world’s first cryptoasset insurance company – one exclusively dedicated to creating a suite of full-service insurance products focused solely on the unique risks endemic to the crypto industry .
Evertas is run by cryptonatives philosophically committed to seeing crypto thrive by mitigating the risks inherent to the innovators who are building the technologies we believe in.
By leveraging our underwriters’ subject matter expertise, we have created a proprietary process which leads to bespoke policies that mitigate the technical and people risks inherent to each individual project. Better underwriting means more appropriate coverage, leading to streamlined claims and faster payouts.
In the years since our founding, Evertas as achieved several crypto insurance firsts:
- First cryptoasset insurer to be granted Lloyd’s of London coverholder status, giving us authority to write A-rated policies on behalf of Lloyd’s.
- First scalable, cryptonative underwriting framework
- First dedicated crypto policy application process
- First crypto claims team
- First regulatorily approved carrier
- First to adjust a crypto claim globally
- First company to cover 25% of the Bitcoin hashrate