DUBAI – Dubai Insurance Company has partnered with Zodia Custody to launch the first digital wallet for crypto assets in the insurance sector in the UAE, it was announced in a press release.
The new wallet enables secure receipt of premiums and seamless payment of claims using digital assets, establishing Dubai Insurance as a pioneer in next-generation insurance solutions.
The initiative will enable policyholders to transact digital assets seamlessly, improving the customer experience while ensuring high standards of security, governance and transparency.
Additionally, the solution streamlines business processes in line with the company’s commitment to innovation as financial services continue to evolve.
Abdellatif Abukra, CEO of Dubai Insurance, said: “With the launch of our first digital asset wallet, we are embracing innovation in line with the UAE’s vision to lead the future of digital finance.”
“As digital assets become part of everyday financial life, we believe there is a clear role for insurers to play in providing security, strong governance and trust in a changing landscape,” the CEO added.
Through its partnership with Zodia Custody, Dubai Insurance leverages an institutional-grade custody platform supported by advanced security architecture and global compliance standards.
Zane Suren, Managing Director, Commercial, Middle East & Africa, Zodia Custody, said: “Dubai Insurance’s launch of a cryptocurrency-enabled digital wallet is a meaningful step forward in bringing digital assets into everyday financial services in the Middle East.”
“Through Zodia Custody’s partnership with Dubai Insurance, customers will gain institutional-grade custody and control that will help make premium payments and claim settlements in digital assets secure, transparent, and operationally robust,” Suren said.
The launch will support the UAE’s broader digital economy ambitions and blockchain strategy, strengthen the country’s position as a global hub for fintech and digital innovation, and set a new benchmark for the region’s insurance industry.
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