Dubai Insurance Launches Crypto Wallet for Premium Payments & Claims

Dubai Insurance has introduced the first crypto-enabled digital wallet in the United Arab Emirates insurance sector. Enabling policyholders to pay premiums and receive claims settlements using digital assets.

The solution, developed in partnership with Zodia Custody, aims to enhance security, transparency, and operational efficiency for crypto transactions tied to insurance services.

Moreover, the wallet marks a notable milestone in integrating digital assets into mainstream financial services in the UAE. Reflecting the country’s continued focus on regulated digital finance innovation.

A Digital Wallet That Bridges Crypto & Insurance

The initiative introduces a regulated infrastructure within the insurance sector that supports digital asset transactions while maintaining governance and compliance standards.

Indeed, by leveraging Zodia Custody’s institutional-grade custody platform, Dubai Insurance ensures high levels of security and operational transparency for wallet users.

Abdellatif Abuqurah, CEO of Dubai Insurance, described the launch as a defining moment for the company and the broader insurance industry in the region.

Under his guidance, the company intends to use this digital wallet as a foundation for future digital asset adoption within its suite of insurance services.

Separately, Zane Suren, Managing Director at Zodia Custody, noted that as digital asset adoption grows, insurers require a secure and trusted infrastructure that allows customers to transact with confidence.

Therefore, the partnership underscores a growing demand for regulated solutions that integrate digital assets into core financial processes.

A New Chapter for Digital Assets

By enabling premiums and claims to be settled in digital assets, Dubai Insurance is charting new territory for how traditional financial services can interact with blockchain-based currencies.

Furthermore, this move aligns with ongoing efforts within the UAE to blend digital finance with established regulatory frameworks. Offering policyholders more choice and flexibility in how they manage transactions.

Additionally, the crypto wallet launch also highlights the expanding role of institutional partners like Zodia Custody. Indeed, insurance payments and settlements may emerge as one of the first widely adopted real-world use cases outside of trading and investment.

Finally, the effectiveness of this model will likely influence how other insurance providers, both regionally and globally, evaluate the integration of digital assets into their core offerings.

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