Launch partners include StaFi, Xend Finance, Marlin, EasyFi and bZx.
Purchasers who pay for their coronavirus coverage with e-CNY can receive discounts.
The Series A round led by Element Ventures included DRW Venture Capital and Susquehanna Private Equity Investments.
Risk Harbor uses on-chain rules and smart contracts to automate payouts for insurance claims.
Insurance firms have been increasing their interest in crypto investments since December.
The fundraising was led by IDEO CoLab Ventures, with participation from A.Capital Ventures, Scalar Capital and DeFi Alliance.
Opium is to offer a DeFi derivatives contract allowing users to hedge against the risk of a failed SpaceX launch.
San Francisco-based Metromile will purchase $10 million worth of bitcoin to offer policyholders an option for payment of claims.
The Ethereum-based platform for covering losses from DeFi hacks and other flubs is expanding to other chains.
Bolstered by a wave of institutional crypto investors, BitGo is in a race against its peers to add insurance coverage.
The insurance provider says it will have the crypto converted into Swiss francs, instead of carrying BTC on its balance sheet.
Besides cutting costs, the project aims to provide a standardized data repository for insurance analytics.
A new smart contract-based insurance marketplace is promising radical efficiency and more coverage for the long-underserved crypto industry.
The Singapore crypto lender toughed it through the bear market and now has $250 million locked and lended.
Yearn Finance tweeted Friday that it has decided to end its merger process with Cover and that both protocols will continue to operate independently.