Definition ∞ An Insurance Consortium is a group of insurance providers that collaborate to underwrite large or specialized risks, often beyond the capacity of a single insurer. In the context of digital assets, such consortia could offer coverage for smart contract exploits, exchange hacks, or other unique risks associated with blockchain technology. This collaboration allows for risk diversification and increased coverage limits.
Context ∞ The emerging digital asset sector faces unique insurance challenges, prompting discussions about the formation of specialized insurance consortia to address these novel risks. News often covers initiatives by traditional insurers to enter this market, seeking to provide security and stability to institutional and individual crypto holders.
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