What Breach Insurance does

Breach Insurance is a regulated insurtech carrier specializing in insurance products for the crypto and digital-asset economy. The company develops, underwrites, and distributes crypto-native insurance through four product lines: Crypto Shield (retail coverage up to $1M against exchange hacks and social engineering events), Crypto ShieldPro (institutional coverage up to $10M for theft, loss, or destruction of private keys and crypto assets held in custody), Core Shield Pro (a package policy combining D&O, Professional Indemnity/E&O, and Crypto Wallet Insurance with up to $5M aggregate limits), and Crypto ShieldPro for Platforms (API-embedded insurance for digital-asset platforms). Underlying technology consists of a full-stack quote-to-payment platform, proprietary active crypto-wallet monitoring and pre-transaction risk assessment across major blockchains, and an API for partner integration. US-domiciled institutional risks are backed by Accelerant Specialty Insurance Company, which holds an A.M. Best A- (Excellent) Financial Strength Rating.

The business operates through a dual-jurisdiction structure: Breach Insurance Ltd. is domiciled in Bermuda as a Class IIGB insurer regulated by the Bermuda Monetary Authority, while Breach Insurance Solutions, Inc. operates as a US-licensed Property & Casualty and Surplus Lines MGA and TPA. Premiums are collected in both crypto and fiat currencies. Distribution is multi-channel and segment-targeted: enterprise field sales through broker relationships for institutions, self-serve digital onboarding for retail, API-based embedded insurance for platform partners, and wholesale distribution for SMB products. Customer segments include institutions with crypto custody or balance-sheet exposure, retail crypto investors, startups/SMBs, and AI/crypto-native companies. The founding team brings over 100 years of combined insurance and financial services experience from Allied World, Liberty Mutual, investment banking, and Uber.

Name

Breach Insurance

Legal name

Breach Insurance Solutions, Inc.

Website

https://breachinsured.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Breach Insurance is a Bermuda-regulated insurtech carrier offering regulated crypto insurance products for retail investors, institutions, digital-asset platforms, and crypto-native companies, underwriting theft, custody, and exchange-hack risks via direct, broker, and API-embedded distribution.

Ownership category

akta.pro rank

Product category

Crypto and Digital Asset Insurance

NAICS

Insurance Carriers (5241), Direct Property and Casualty Insurance Carriers (524126), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Carriers, Nec (6399), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Network Security & Privacy Liability (Third-Party) (FSAJAOAE)

akta.pro secondary industries

Wallet Risk Scoring, Address Screening & Exposure Checks (FSADALAD), Slashing Insurance, Validator Risk Management & Coverage (FSADAOAO)

Keywords

• Crypto insurance
• Digital asset insurance
• Custody insurance
• Insurtech platform
• Cyber liability insurance

Headquarters

HQ city

Suwanee

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Premiums: Collection of insurance premiums from policyholders for crypto theft, loss, and cyber risk coverage products including Crypto Shield, Crypto ShieldPro, Core Shield Pro, and SMB insurance products.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Breach Insurance develops, underwrites, and distributes regulated insurance products tailored for the digital asset and crypto marketplace. The company operates a full-stack carrier structure offering crypto-specific coverage (Crypto Shield for retail, Crypto ShieldPro for institutions, Core Shield Pro package), traditional SMB coverages (Cyber, D&O, E&O, General Liability), and embedded insurance delivered via API for digital-asset platform partners. Policies are reinsured by an A.M. Best A- rated carrier and denominated in both crypto and fiat currencies.

Product overview

Breach Insurance is an insurtech company offering a comprehensive portfolio of regulated insurance products for the crypto economy. The product lineup includes Crypto Shield (retail crypto insurance against exchange hacks up to $1M), Crypto ShieldPro (institutional crypto custody insurance up to $10M), Core Shield Pro (bundled D&O, Professional Indemnity, and crypto wallet insurance package), and Crypto ShieldPro for Platforms (API-accessible embedded insurance for crypto platforms). Additional SMB-focused products include Cyber Insurance, Directors & Officers, Errors & Omissions, and General Liability. The company operates a Bermuda-domiciled insurance company with US-licensed MGA and TPA operations, providing both crypto-native insurance products and traditional business insurance.

Differentiator

Problem solved

Functional benefit

Brands

• Crypto Shield: Regulated insurance product for retail crypto investors, covering theft of crypto while in the custody of qualified exchanges.
• Crypto ShieldPro
• Core Shield Pro
• Crypto ShieldPro for Platforms

Products and services

• Crypto Shield

Quantifiable outcome

• Over $60B in stolen crypto from 60+ exchange hacks documented, representing significant market need for crypto insurance
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• KresuscoreStrategic or Co-development PartnerKresus partnered with Breach to offer the first self-custody crypto and NFT wallet with built-in regulated insurance. Working with Breach has been smooth and efficient, making insurance setup painless and affordable.
• NaymscoreStrategic or Co-development PartnerNayms partnered with Breach on Crypto ShieldPro offering to accelerate necessary protection for cryptocurrency users. Breach has gone through necessary learnings and iterations to become a major player in the digital asset and Insurtech industry.
• CredoracoreStrategic or Co-development PartnerCredora partnered with Breach to build transparent and data-driven infrastructure providing institutional clients with protection they need when interacting with crypto.
• Accelerant Specialty Insurance CompanycoreStrategic or Co-development PartnerUS Domiciled Risks backed by Accelerant Specialty Insurance Company, rated A- (Excellent) by A.M. Best, providing reinsurance support for Crypto ShieldPro policies.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Aon: Global insurance broker with dedicated crypto and digital asset practice placing institutional custody and D&O coverage. Comparable as a large incumbent that competes for the same institutional risk-transfer mandates while offering broader risk advisory services.
• Marsh: Global insurance broker and risk advisor with active crypto and digital asset insurance placements for institutional clients. Comparable as an incumbent broker competing for similar institutional mandates while offering broader enterprise risk services.
• Beazley: Specialty insurer with established cyber liability franchise that increasingly extends to crypto and digital asset exposures. Comparable as a broader cyber and specialty carrier overlapping with Breach's cyber and professional indemnity offerings.
• Lloyd's of London: Global insurance marketplace with multiple syndicates underwriting crypto theft, custodial, and exchange hack coverage. Comparable as an incumbent capacity provider in the same crypto insurance product category, though Lloyd's operates as a broad marketplace rather than a single carrier.

Direct peers

• Evertas: Specialty insurance carrier focused on crypto and digital asset custody, covering theft and key-loss risks for institutional clients. Highly comparable as a regulated carrier targeting the same crypto insurance opportunity with similar product positioning.
• Coincover: Provides crypto asset protection and insured custody technology, combining wallet security, recovery, and insurance-backed coverage for exchanges and custodians. Comparable as a crypto-native risk-transfer and protection provider with embedded B2B2C distribution.
• Relm Insurance: Specialty insurer licensed to underwrite emerging risks including crypto, cannabis, and fintech. Directly comparable as a regulated digital asset insurer competing for the same institutional and Web3 client base.

Emerging players

• InsurAce: DeFi insurance protocol providing coverage for smart contract exploits, stablecoins, and exchange hacks. Comparable as an emerging crypto-native coverage provider addressing similar risks through on-chain mechanisms rather than regulated underwriting.
• Nexus Mutual: Decentralized coverage protocol offering crypto smart contract and exchange hack cover via on-chain pools. Compares as an emerging crypto-native alternative to regulated carriers, with overlapping product concepts but a fundamentally different DeFi-based risk pool structure.

Others

• Accelerant Specialty Insurance Company: Specialty insurer and MGA platform that provides capacity and underwriting infrastructure to partner MGAs. Comparable as Breach's reinsurance and capacity partner backing Crypto ShieldPro, and ecosystem-adjacent through shared specialty insurance infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/breachinsured
• Facebookfacebook.com/BreachInsurance
• LinkedInlinkedin.com/company/breachinsurance
• Instagraminstagram.com/breachinsurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Breach Insurance