This session will explore the evolving intersection of cryptocurrency, life insurance, and blockchain technology, drawing on insights from the IFoA Blockchain and Fintech Working Party and pioneering firms such as Meanwhile (the world’s first Bitcoin life insurer) and Anthea Insurance, who intend to become the world’s first Ether-denominated life insurer (Pending Regulatory Approval). The discussion will examine how digital assets, from Bitcoin to Ethereum and beyond, are shaping the design and delivery of life insurance products, with a focus on crypto-denominated policies and innovative operational models.

We will highlight the opportunities and challenges in this dynamic space, including regulatory, actuarial, and risk considerations, and reflect on the broader implications for wealth preservation, intergenerational planning, and the future of insurance in a digital economy.

Key discussion topics:

• The concept of crypto-denominated life insurance and comparisons to traditional models
• Market demand and adoption trends across different demographics
• Regulatory and compliance considerations for digital asset-based insurance
• Managing volatility and ensuring long-term policyholder protection
• Operational models for underwriting, claims, and administration in a crypto context
• The role of cryptocurrencies in long-term financial planning and macroeconomic shifts
• Insights from recent authorisation processes and regulatory engagement
• Broader implications for the actuarial profession and the insurance industry

Speakers:

Zubair Arshed FIA (Panel Chair), IFoA Life Lifelong Learning Sub-committee member

Carsten Ragborg, Chief Risk Officer, Meanwhile

Zhixin Lim, IFoA Blockchain and Fintech Working Party member

Feifei Zhang, Co-founder, CFO, Anthea Insurance