Case Study: a global fintech company saves $238K on crypto insurance with Newfront

Decrypting Insurance for a Crypto Fintech

A global fintech company using blockchain for secure payments struggled to find adequate and affordable insurance coverage for its crypto-related operations. The vendor, Newfront, was approached to help the company secure a policy that insurers were hesitant to provide in the emerging digital currency market.

Newfront's solution was to reclassify the client from a tech company to a financial institution for insurance purposes, allowing its policies to be rated on office square footage instead of its massive total revenue. This strategic move, combined with renegotiating an audit on an expiring policy, saved the client a total of $238,600. These savings, secured by Newfront, significantly improved the fintech company's financial outlook.