iX Risk Solutions is the insurance distribution arm of iX Technology Group. It operates as an Appointed Representative of Compass Underwriting Ltd, who are authorised and regulated by the Financial Conduct Authority to distribute insurance products in the UK and EEA. The company is focused on developing unique and innovative insurance offerings, by using our powerful technology stack and working with our partners in the insurance industry.
iX Risk Solutions currently offers Blockchain insurance quotes, by combining its knowledge of blockchain, the ICO process, and its in-house insurance expertise to provide a risk assessment of blockchain companies.
Our blockchain risk assessment measures seven key metrics, captures all relevant detail and documents, and presents all information in a consistent pack for brokers and underwriters.
The seven metrics are:
- Company Overview
- Legal and Regulatory
- People & Management
- Technology & Investment
The assessment assists underwriters in understanding the risk exposure and pricing insurances for your company, ensuring you get the right insurance for your needs, covering the specific risks your technology presents.
Coverage offered includes: Management Liability, Employment Practices Liability, Cyber, Crime and Financial Services Liability.
Once insurance is placed via the platform a record is published onto the Ethereum blockchain. This record can be used to show potential investors and other interested third parties that you have insurance contracts in place, increasing the legitimacy of your business and mitigating risk. The blockchain record will show: Insured name, Company registration number, Insurance products, Inception date, Policy status
iX Risk Solutions Ltd, Warnford Court London EC2N 2AT, United Kingdom. Registered in England and Wales No 8062651. Registered Office: 228A High Street, Bromley, England, BR1 1PQ United Kingdom. IX Risk Solutions Ltd are an Appointed Representative of Compass Underwriting Ltd who are Authorised and Regulated by the Financial Conduct Authority. FCA Registration 304908