HDI Global insures mobile crypto wallets from Hoyos Integrity

Industrial insurer HDI Global has developed an insurance solution for US company Hoyos Integrity Corporation. The provider of hot wallets used for storing bitcoin and other digital currencies is thereby reinforcing the “Hoyos Promise of Security” provided to its users.

  • Insurance from HDI enables US company Hoyos Integrity to give customers a security guarantee
  • Meryem Seyyar: “A good example of how we protect and encourage innovative entrepreneurship”

Hoyos Integrity Corporation specializes in digital services and device development for protected communication and the secure storage, custody and transfer of digital assets. With its unique security solution, the company counts itself among the leading providers of hot wallets.

The cooperation with HDI Global enables Hoyos to provide its customers with a “Promise of Security” when they are registered users. The risks associated with a security breach are then assumed by HDI Global which in turn enables and protects Hoyos’ pioneering business.

“Target for hacker attacks”

“Increasingly high-value assets are being stored in digital form as a result of the boom in cryptocurrencies. As such, hot wallets are therefore more and more often the target for hacker attacks”, notes Meryem Seyyar, Head of Digital Solutions at HDI Global SE. “Through our insurance solution for Hoyos we are making an important contribution to the security of Hoyos, their users and adoption of digital assets globally. This is a good example of how we are fulfilling our purpose within the HDI Group: Together we take care of the unexpected and foster entrepreneurship.”

Hector Hoyos, founder and CEO of Hoyos Integrity Corporation values the know-how brought to the table by HDI Global’s Digital Solutions Team and highlights the significance of the partnership with the industrial insurer from Germany: “We are absolutely delighted to be able to offer our ‘Hoyos Promise of Security’ with the backing of HDI. Going forward, we hope to continue working with HDI Global on developing additional insurance solutions for some of our other existing and planned products allowing us to expand the ‘Promise of Security’ to our entire portfolio.”

The Hoyos wallet is available for both iOS and Android devices and supports the most common types of cryptocurrency such as ERC20 tokens and Hoyos’ own proprietary “RISEN” (RSN) tokens. Since the wallet also holds digital fiat currencies, it can be used for almost all online and retail transaction and banking applications.

“In my assessment, the expertise at Hoyos and their innovative products in the field of data, telecommunications and digital assets rank among the best in class. It’s exciting to support Hoyos with innovative insurance solutions and look forward to continued cooperation with our new partner supporting their product developments and ,Promise of Security’ while contributing our own know-how.”
Matthew Hammer, Underwriting Manager Autonomy & Technology at HDI Global

                                        

About HDI Global SE (HDI)

As an industrial lines insurer, HDI Global SE (HDI) meets the needs of SMEs, industrial companies and corporate customers with insurance solutions that are specifically tailored to their requirements. In addition to HDI’s prominent position in the German and broader European market, the company also has operations in more than 150 countries through foreign branch offices, subsidiary and peer companies, and network partners. The company is thus able to offer its customers local policies for their global operations, which ensure that the established service and insurance protection is extended for all covered risks worldwide.

HDI Global SE is a company in the Industrial Lines Division of the Talanx Group. Approximately 3.700 employees in this division generated gross written premiums of approx. EUR 6.7 billion in the year 2020.

The rating agency Standard & Poor’s has given the Talanx Primary Group a financial strength rating of A+/stable (strong). Talanx AG is listed on the Frankfurt Stock Exchange in the MDAX.