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ASSICURAZIONI GEN (ARZGY) - New Microinsurance Policy Covers NFT Collectors: What You Need To Know


The Hong Kong-based insurtech company YAS Digital Ltd. and the Italian insurance company
Assicurazioni Generali S.p.A. (OTC:ARZGY) have introduced NFTY, which it s promoting as the world’s first microinsurance for non-fungible tokens (NFTs).
What Happened: YAS defines its microinsurance program as “a type of insurance that offers coverage for specific needs at a much more affordable price.” The company introduced the concept last year with RYDE, which provides insurance for passengers taking commuter rides of up to 90 minutes.
YAS initially marketed its microinsurance concept across China, India and Africa, stating it was initially marketed to lower-income households but is now being used by a wider range of consumers. ....

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