Dubai Insurance offers a crypto wallet so you can pay premiums and collect claims in bitcoin

Dubai Insurance, the fourth-largest insurer in the UAE, has become the first insurer globally to offer a cryptocurrency wallet to its policyholders for transacting digital assets, specifically for paying premiums and collecting claims. This initiative was developed in partnership with Standard Chartered’s crypto custodian, Zodia Custody. The move aligns with the UAE's broader push to integrate digital assets into mainstream finance, following new central bank regulations that brought digital assets and DeFi under traditional banking compliance. CEO Abdellatif Abuqurah stated that this redefines insurance service delivery while maintaining regulatory alignment, signaling a significant step for legacy financial institutions testing on-chain infrastructure for real-world transactions.

(Source：CoinDesk)